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

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

Institutional Investors Weigh In On Pampa Energía

A number of institutional investors have recently added to or reduced their stakes in PAM. Cubist Systematic Strategies LLC purchased a new stake in shares of Pampa Energía in the second quarter valued at approximately $950,000. Millennium Management LLC lifted its stake in shares of Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after purchasing an additional 509,487 shares during the period. Truist Financial Corp purchased a new position in Pampa Energía in the second quarter valued at about $854,000. GAMMA Investing LLC lifted its position in shares of Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 345 shares during the period. Finally, Claro Advisors LLC lifted its position in shares of Pampa Energía by 253.9% during the 3rd quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider’s stock valued at $1,091,000 after acquiring an additional 13,037 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Shares of PAM stock traded up $3.28 during trading hours on Thursday, hitting $90.54. The stock had a trading volume of 89,363 shares, compared to its average volume of 308,171. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The firm has a market capitalization of $4.94 billion, a PE ratio of 13.83 and a beta of 0.94. Pampa Energía has a twelve month low of $38.15 and a twelve month high of $97.55. The stock’s 50 day moving average is $88.00 and its 200 day moving average is $68.80.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.95. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same period last year, the company earned $2.80 earnings per share. As a group, research analysts forecast that Pampa Energía will post 8.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on PAM. JPMorgan Chase & Co. lifted 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. Citigroup downgraded Pampa Energía from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $71.63.

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.