Pampa Energía S.A. (NYSE:PAM – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 393,403 shares traded hands during trading, an increase of 50% from the previous session’s volume of 261,451 shares.The stock last traded at $87.25 and had previously closed at $86.01.
Analysts Set New Price Targets
PAM has been the topic of several recent research reports. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded shares of Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.63.
Read Our Latest Stock Analysis on Pampa Energía
Pampa Energía Trading Up 3.7 %
Pampa Energía (NYSE:PAM – Get Free Report) last released its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same period last year, the company earned $2.80 earnings per share. On average, equities analysts predict that Pampa Energía S.A. will post 8.96 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAM. DGS Capital Management LLC purchased a new position in shares of Pampa Energía in the 4th quarter worth about $282,000. Diversify Wealth Management LLC increased its position in shares of Pampa Energía by 19.7% in the fourth quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider’s stock worth $1,716,000 after acquiring an additional 2,971 shares in the last quarter. TT International Asset Management LTD increased its holdings in 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 purchasing an additional 862,723 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Pampa Energía by 75.9% during the fourth quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 1,063 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Pampa Energía by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after buying an additional 45,409 shares during the period. Institutional investors and hedge funds 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.
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