Pampa Energía (NYSE:PAM) Shares Gap Down – Here’s What Happened

Pampa Energía S.A. (NYSE:PAM) gapped down prior to trading on Tuesday . The stock had previously closed at $80.82, but opened at $77.16. Pampa Energía shares last traded at $79.72, with a volume of 59,493 shares.

Wall Street Analysts Forecast Growth

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

Pampa Energía Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The company has a market cap of $4.42 billion, a PE ratio of 12.48 and a beta of 0.92. The stock’s 50 day moving average price is $87.07 and its 200-day moving average price is $72.70.

Institutional Investors Weigh In On Pampa Energía

A number of hedge funds and other institutional investors have recently modified their holdings of PAM. Blue Trust Inc. raised its stake in shares of Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 253 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Pampa Energía by 8.4% in the 3rd quarter. Whittier Trust Co. now owns 15,062 shares of the utilities provider’s stock worth $904,000 after purchasing an additional 1,162 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Pampa Energía by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 526 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in Pampa Energía by 3.9% in the 3rd quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 573 shares in the last quarter. Finally, Helikon Investments Ltd lifted its stake in shares of Pampa Energía by 146.6% in the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock worth $79,218,000 after buying an additional 784,407 shares in the last quarter. Institutional investors own 12.77% of the company’s stock.

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.