Pampa Energia (NYSE:PAM) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Pampa Energia S.A. (NYSE:PAM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $76.84 and traded as high as $86.63. Pampa Energia shares last traded at $85.39, with a volume of 170,620 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PAM shares. Zacks Research lowered shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. Citigroup upgraded Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Monday, November 3rd. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell 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 $113.00.

Pampa Energia Stock Down 1.4%

The company has a debt-to-equity ratio of 0.43, a current ratio of 2.68 and a quick ratio of 2.33. The firm has a fifty day moving average of $86.84 and a 200 day moving average of $76.84.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data 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 9.39% and a net margin of 16.72%.The company had revenue of $577.40 million for the quarter, compared to analyst estimates of $864.09 billion. As a group, equities research analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new position in shares of Pampa Energia during the 2nd quarter worth $51,000. Envestnet Asset Management Inc. lifted its position in 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 buying an additional 4,659 shares during the last quarter. Banco BTG Pactual S.A. lifted its position in Pampa Energia by 467.2% in the second quarter. Banco BTG Pactual S.A. now owns 93,583 shares of the utilities provider’s stock valued at $6,493,000 after buying an additional 77,083 shares during the last quarter. Itau Unibanco Holding S.A. boosted its stake in Pampa Energia by 42.4% during the second quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock worth $21,104,000 after buying an additional 90,500 shares during the period. Finally, William Blair Investment Management LLC increased its position in shares of Pampa Energia by 6.5% during the second quarter. William Blair Investment Management LLC now owns 89,640 shares of the utilities provider’s stock valued at $6,219,000 after acquiring an additional 5,450 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.