Short Interest in Pampa Energía S.A. (NYSE:PAM) Decreases By 18.7%

by · The Markets Daily

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

Pampa Energía Stock Performance

NYSE PAM opened at $89.32 on Friday. The stock’s fifty day moving average is $86.17 and its two-hundred day moving average is $66.10. The firm has a market capitalization of $4.87 billion, a P/E ratio of 13.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. Pampa Energía has a fifty-two week low of $38.15 and a fifty-two week high of $97.55.

Pampa Energía (NYSE:PAM – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, beating the consensus estimate of $1.75 by $0.95. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter in the prior year, the company posted $2.80 EPS. On average, research analysts anticipate that Pampa Energía will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

PAM has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Pampa Energía presently has an average rating of “Hold” and a consensus price target of $71.63.

Check Out Our Latest Report on Pampa Energía

Institutional Investors Weigh In On Pampa Energía

A number of large investors have recently modified their holdings of the company. TT International Asset Management LTD grew its position in shares of Pampa Energía by 250.9% in the 4th quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock valued at $106,108,000 after buying an additional 862,723 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in shares of Pampa Energía in the third quarter valued at about $8,552,000. JPMorgan Chase & Co. increased its holdings in Pampa Energía by 40.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock valued at $9,513,000 after acquiring an additional 45,409 shares in the last quarter. Dorsey Wright & Associates grew its holdings in shares of Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock worth $4,208,000 after buying an additional 7,553 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Pampa Energía during the second quarter worth about $950,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

About Pampa Energía

(Get Free Report)

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.

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