Pampa Energía S.A. (NYSE:PAM) Short Interest Update

Pampa Energía S.A. (NYSE:PAM) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 195,500 shares, a drop of 16.6% from the September 30th total of 234,300 shares. Based on an average daily trading volume, of 228,200 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. JPMorgan Chase & Co. lifted their price target on shares of Pampa Energía from $47.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Bank of America lifted their price target on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Pampa Energía presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Institutional Investors Weigh In On Pampa Energía

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its position in Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Pampa Energía in the second quarter worth $37,000. EverSource Wealth Advisors LLC bought a new stake in Pampa Energía in the first quarter worth $52,000. Headlands Technologies LLC bought a new stake in Pampa Energía in the first quarter worth $69,000. Finally, GAMMA Investing LLC increased its position in Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

Pampa Energía Price Performance

Shares of Pampa Energía stock traded down $1.18 on Monday, hitting $67.43. 147,974 shares of the company traded hands, compared to its average volume of 259,743. The stock has a market capitalization of $3.68 billion, a P/E ratio of 10.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. Pampa Energía has a 52 week low of $32.91 and a 52 week high of $69.59. The business has a 50-day simple moving average of $59.59 and a 200 day simple moving average of $50.82.

Pampa Energía (NYSE:PAM) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.44. The firm had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $479.17 million. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. Research analysts expect that Pampa Energía will post 8.91 earnings per share for the current fiscal year.

About Pampa Energía

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.