Pampa Energia (NYSE:PAM) Share Price Passes Above 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

Pampa Energia S.A. (NYSE:PAM – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $74.15 and traded as high as $90.10. Pampa Energia shares last traded at $89.18, with a volume of 108,809 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on PAM shares. Wall Street Zen raised Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Monday, November 3rd. Zacks Research upgraded Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Pampa Energia presently has an average rating of “Hold” and a consensus price target of $103.25.

Read Our Latest Analysis on PAM

Pampa Energia Stock Up 0.4%

The business has a 50-day moving average of $84.12 and a 200-day moving average of $74.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.68 and a quick ratio of 2.33.

Pampa Energia (NYSE:PAM – Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.97). The firm had revenue of $577.40 million during the quarter, compared to analysts’ expectations of $864.09 billion. Pampa Energia had a net margin of 16.72% and a return on equity of 9.39%. As a group, research analysts forecast that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Pampa Energia in the second quarter valued at $37,000. First Horizon Advisors Inc. acquired a new stake in shares of Pampa Energia during the second quarter worth about $51,000. Van ECK Associates Corp purchased a new position in shares of Pampa Energia during the third quarter worth about $139,000. Quantbot Technologies LP acquired a new position in Pampa Energia in the 3rd quarter valued at about $187,000. Finally, PFG Investments LLC purchased a new stake in Pampa Energia during the 2nd quarter valued at approximately $297,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

About Pampa Energia

(Get Free Report)

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.

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