Pampa Energia S.A. (NYSE:PAM) was the target of some unusual options trading on Tuesday. Investors bought 2,681 put options on the stock. This is an increase of approximately 3,843% compared to the average volume of 68 put options.
Several research firms recently issued reports on PAM. Zacks Investment Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 14th. ValuEngine raised Pampa Energia from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.50.
Shares of NYSE PAM opened at $29.90 on Wednesday. The stock has a market capitalization of $1.90 billion, a P/E ratio of -19.54 and a beta of 0.32. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.97. Pampa Energia has a 52-week low of $19.50 and a 52-week high of $49.62.
Pampa Energia (NYSE:PAM) last announced its earnings results on Friday, May 10th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.01) by $2.96. The firm had revenue of $687.62 million during the quarter. Pampa Energia had a negative return on equity of 6.38% and a net margin of 0.88%. As a group, research analysts forecast that Pampa Energia will post 2.21 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $69,000. Parametric Portfolio Associates LLC lifted its position in Pampa Energia by 1.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 221,313 shares of the utilities provider’s stock worth $6,102,000 after acquiring an additional 2,200 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Pampa Energia during the 4th quarter worth approximately $106,000. Barclays PLC acquired a new stake in Pampa Energia during the 4th quarter worth approximately $124,000. Finally, LSV Asset Management lifted its position in Pampa Energia by 28.8% during the 4th quarter. LSV Asset Management now owns 20,581 shares of the utilities provider’s stock worth $654,000 after acquiring an additional 4,600 shares during the period. 38.30% of the stock is owned by hedge funds and other institutional investors.
Pampa Energia Company Profile
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
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