Pampa Energía S.A. (NYSE:PAM) Sees Significant Drop in Short Interest

Pampa Energía S.A. (NYSE:PAM - Get Free Report) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 292,200 shares, a decline of 18.7% from the December 31st total of 359,600 shares. Based on an average daily trading volume, of 279,100 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the company's stock are short sold.

Hedge Funds Weigh In On Pampa Energía

Several institutional investors have recently added to or reduced their stakes in PAM. Cubist Systematic Strategies LLC purchased a new position in shares of Pampa Energía in the 2nd quarter valued at approximately $950,000. Millennium Management LLC grew its position in Pampa Energía by 428.0% in the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock valued at $27,818,000 after buying an additional 509,487 shares during the last quarter. Truist Financial Corp acquired a new position in Pampa Energía in the 2nd quarter valued at $854,000. GAMMA Investing LLC raised its position in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock worth $84,000 after buying an additional 345 shares during the last quarter. Finally, Claro Advisors LLC lifted its stake in shares of Pampa Energía by 253.9% in the 3rd quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider's stock worth $1,091,000 after acquiring an additional 13,037 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energía Stock Performance

Shares of PAM stock traded down $4.34 during trading hours on Monday, hitting $85.09. The stock had a trading volume of 282,426 shares, compared to its average volume of 312,086. The stock's 50 day moving average is $88.24 and its 200 day moving average is $69.59. The firm has a market capitalization of $4.64 billion, a PE ratio of 13.09 and a beta of 0.92. Pampa Energía has a twelve month low of $38.15 and a twelve month high of $97.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. During the same period last year, the firm posted $2.80 EPS. As a group, research analysts forecast that Pampa Energía will post 8.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAM. Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and raised their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a report on Friday, January 10th. Finally, StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $71.63.

Pampa Energía Company Profile

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.