Pampa Energía S.A. (NYSE:PAM) Short Interest Down 18.7% in December

Pampa Energía S.A. (NYSE:PAM) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 292,200 shares, a decline of 18.7% from the December 15th total of 359,600 shares. Based on an average daily volume of 279,100 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PAM shares. JPMorgan Chase & Co. raised their price target 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 Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.63.

Pampa Energía Trading Down 0.6 %

Shares of PAM stock opened at $92.64 on Thursday. The stock has a fifty day simple moving average of $85.77 and a two-hundred day simple moving average of $65.94. Pampa Energía has a 52-week low of $38.15 and a 52-week high of $97.55. The firm has a market capitalization of $5.05 billion, a PE ratio of 14.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. During the same quarter last year, the company earned $2.80 EPS. On average, analysts predict that Pampa Energía will post 8.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

A number of hedge funds and other institutional investors have recently modified their holdings of PAM. Helikon Investments Ltd grew its position in shares of Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after purchasing an additional 784,407 shares in the last quarter. TT International Asset Management LTD boosted its stake in Pampa Energía by 250.9% during the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock valued at $106,108,000 after buying an additional 862,723 shares during the last quarter. Millennium Management LLC grew its holdings in Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after buying an additional 509,487 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Pampa Energía by 40.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after acquiring an additional 45,409 shares during the last quarter. Finally, Fourth Sail Capital LP bought a new position in shares of Pampa Energía during the 3rd quarter valued at approximately $8,552,000. 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.