Pampa Energía (NYSE:PAM) Sees Unusually-High Trading Volume – Time to Buy?

Pampa Energía S.A. (NYSE:PAM) saw strong trading volume on Tuesday . 393,403 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

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

Pampa Energía Stock Up 3.7 %

The business has a 50-day simple moving average of $86.79 and a two-hundred day simple moving average of $67.02. 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 capitalization of $4.86 billion, a price-to-earnings ratio of 13.73 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 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 company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $517.71 million. During the same quarter last year, the business earned $2.80 EPS. As a group, equities analysts predict that Pampa Energía S.A. will post 8.96 EPS for the current year.

Institutional Trading of Pampa Energía

A number of institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares during the period. GAMMA Investing LLC grew its position in Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Pampa Energía by 89.7% in the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after buying an additional 1,059 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Pampa Energía by 26.6% during the 3rd 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. Finally, DGS Capital Management LLC purchased a new position in shares of Pampa Energía in the fourth quarter valued at $282,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.