Pampa Energia (PAM) Trading Up 8.7%

Pampa Energia S.A. (NYSE:PAM)’s share price was up 8.7% during mid-day trading on Tuesday . The stock traded as high as $25.20 and last traded at $25.11. Approximately 681,250 shares traded hands during trading, an increase of 33% from the average daily volume of 512,712 shares. The stock had previously closed at $23.09.

Several equities analysts have recently issued reports on PAM shares. Zacks Investment Research upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, May 2nd. ValuEngine upgraded shares of Pampa Energia from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.50.

The firm has a market cap of $1.83 billion, a PE ratio of -16.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.20 and a current ratio of 1.34.

Several hedge funds have recently added to or reduced their stakes in the company. TT International lifted its holdings in shares of Pampa Energia by 59.9% during the fourth quarter. TT International now owns 1,751,889 shares of the utilities provider’s stock valued at $55,727,000 after purchasing an additional 656,336 shares during the last quarter. VR Advisory Services Ltd raised its holdings in Pampa Energia by 1.2% in the 4th quarter. VR Advisory Services Ltd now owns 1,288,683 shares of the utilities provider’s stock worth $40,993,000 after acquiring an additional 15,300 shares during the last quarter. BlackRock Inc. raised its holdings in Pampa Energia by 94.2% in the 1st quarter. BlackRock Inc. now owns 1,217,279 shares of the utilities provider’s stock worth $33,561,000 after acquiring an additional 590,573 shares during the last quarter. Bienville Capital Management LLC raised its holdings in Pampa Energia by 13.9% in the 1st quarter. Bienville Capital Management LLC now owns 667,258 shares of the utilities provider’s stock worth $18,396,000 after acquiring an additional 81,528 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its holdings in Pampa Energia by 15.1% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 445,000 shares of the utilities provider’s stock worth $12,278,000 after acquiring an additional 58,500 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

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About Pampa Energia (NYSE:PAM)

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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