Pampa Energía S.A. (NYSE:PAM) Sees Large Increase in Short Interest

Pampa Energía S.A. (NYSE:PAM) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 220,400 shares, an increase of 57.7% from the April 30th total of 139,800 shares. Based on an average daily volume of 218,600 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Several brokerages have recently commented on PAM. Citigroup increased their target price on shares of Pampa Energía from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st.

Hedge Funds Weigh In On Pampa Energía

Large investors have recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Pampa Energía in the fourth quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Pampa Energía in the fourth quarter valued at approximately $49,000. Blue Trust Inc. boosted its position in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 259 shares during the period. Compass Group LLC bought a new position in shares of Pampa Energía in the fourth quarter valued at approximately $152,000. Finally, Virtu Financial LLC bought a new position in shares of Pampa Energía in the fourth quarter valued at approximately $209,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energía Stock Performance

NYSE PAM opened at $75.08 on Tuesday. Pampa Energía has a 52-week low of $38.58 and a 52-week high of $97.55. The company has a 50-day simple moving average of $75.83 and a 200 day simple moving average of $81.43. 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 $4.09 billion, a PE ratio of 11.55 and a beta of 1.16.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.89. The business had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, research analysts predict that Pampa Energía will post 9.33 EPS for the current year.

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.