Pampa Energia (NYSE:PAM) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Pampa Energia S.A. (NYSE:PAM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $73.04 and traded as high as $91.50. Pampa Energia shares last traded at $89.2050, with a volume of 193,403 shares changing hands.

Analyst Ratings Changes

PAM has been the topic of several analyst reports. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a research note on Wednesday, October 8th. Finally, Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $103.25.

Pampa Energia Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33. The stock has a 50-day moving average price of $75.49 and a 200-day moving average price of $73.04. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 7.57 and a beta of 1.14.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, November 4th. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.97). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.The business had revenue of $591.00 million for the quarter, compared to analyst estimates of $864.09 billion. As a group, analysts forecast that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Institutional Trading of Pampa Energia

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Pampa Energia in the 2nd quarter valued at $51,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Pampa Energia during the first quarter worth $3,460,000. Itau Unibanco Holding S.A. boosted its position in shares of Pampa Energia by 42.4% in the second quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock valued at $21,104,000 after acquiring an additional 90,500 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Pampa Energia by 18.2% in the second quarter. Envestnet Asset Management Inc. now owns 30,306 shares of the utilities provider’s stock valued at $2,103,000 after acquiring an additional 4,659 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Pampa Energia in the first quarter valued at about $1,164,000. Institutional investors own 12.77% of the company’s stock.

About Pampa Energia

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.