Short Interest in Pampa Energía S.A. (NYSE:PAM) Drops By 23.8%

Pampa Energía S.A. (NYSE:PAM) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 205,400 shares, a decline of 23.8% from the January 31st total of 269,400 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 278,600 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new position in Pampa Energía during the fourth quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pampa Energía during the 4th quarter worth about $49,000. Blue Trust Inc. boosted its holdings in shares of Pampa Energía by 62.7% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after buying an additional 259 shares during the period. Compass Group LLC acquired a new position in Pampa Energía in the 4th quarter valued at about $152,000. Finally, Virtu Financial LLC bought a new position in Pampa Energía in the 4th quarter valued at about $209,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energía Stock Up 2.3 %

Shares of PAM opened at $77.48 on Thursday. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 11.92 and a beta of 0.92. Pampa Energía has a 52 week low of $38.15 and a 52 week high of $97.55. 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 business’s fifty day moving average price is $85.15 and its two-hundred day moving average price is $74.67.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $1.90 EPS for the quarter. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, analysts predict that Pampa Energía will post 9.33 earnings per share for the current year.

Analyst Ratings Changes

PAM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently 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.