Pampa Energía S.A. (NYSE:PAM) Short Interest Down 18.7% in December

Pampa Energía S.A. (NYSE:PAM) was the target of a significant drop in short interest during 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. Based on an average trading volume of 279,100 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pampa Energía

Large investors have recently modified their holdings of the stock. TT International Asset Management LTD increased its stake in Pampa Energía by 250.9% during 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 purchasing an additional 862,723 shares in the last quarter. Helikon Investments Ltd increased its position in shares of Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after acquiring an additional 784,407 shares in the last quarter. Millennium Management LLC raised its holdings in Pampa Energía by 428.0% in the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after acquiring an additional 509,487 shares during the last quarter. Fourth Sail Capital LP bought a new position in Pampa Energía in the 3rd quarter valued at approximately $8,552,000. Finally, Point72 Asset Management L.P. purchased a new stake in Pampa Energía during the 3rd quarter valued at $2,738,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pampa Energía Trading Down 0.6 %

NYSE:PAM opened at $92.64 on Thursday. The firm has a market capitalization of $5.05 billion, a P/E ratio of 14.25 and a beta of 0.94. 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 has a one year low of $38.15 and a one year high of $97.55. The company’s 50-day simple moving average is $85.77 and its 200 day simple moving average is $65.94.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same period in the previous year, the firm posted $2.80 EPS. As a group, analysts forecast that Pampa Energía will post 8.65 EPS for the current fiscal year.

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.