Pampa Energía S.A. (NYSE:PAM) Sees Significant Decline in Short Interest

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

Pampa Energía Stock Down 3.2 %

Shares of NYSE:PAM traded down $2.86 during midday trading on Friday, reaching $86.15. The company had a trading volume of 316,413 shares, compared to its average volume of 210,278. The stock has a market capitalization of $4.70 billion, a P/E ratio of 13.25 and a beta of 0.94. The stock’s fifty day moving average price is $86.49 and its 200-day moving average price is $66.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía has a one year low of $38.15 and a one year high of $97.55.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data 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. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter in the prior year, the firm posted $2.80 earnings per share. Equities research analysts expect that Pampa Energía will post 8.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in Pampa Energía by 89.7% during the 2nd 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 during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Pampa Energía during the second quarter valued at approximately $950,000. Millennium Management LLC raised its holdings in Pampa Energía by 428.0% during the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after purchasing an additional 509,487 shares in the last quarter. Driehaus Capital Management LLC lifted its position in Pampa Energía by 1.7% in the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock worth $1,032,000 after purchasing an additional 398 shares during the period. Finally, Truist Financial Corp acquired a new stake in Pampa Energía in the second quarter worth approximately $854,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAM has been the subject of several analyst reports. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and upped their price objective for the company from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their target price on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $71.63.

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.