Pampa Energia (NYSE:PAM) Shares Cross Above 200-Day Moving Average – Time to Sell?

Pampa Energia S.A. (NYSE:PAM)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $77.33 and traded as high as $87.92. Pampa Energia shares last traded at $85.7620, with a volume of 160,245 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PAM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup raised shares of Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Monday, November 3rd. Finally, Zacks Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 31st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $113.00.

Pampa Energia Stock Up 2.8%

The company has a quick ratio of 2.33, a current ratio of 2.68 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $86.22 and its two-hundred day moving average is $77.33.

Institutional Investors Weigh In On Pampa Energia

Institutional investors have recently added to or reduced their stakes in the stock. Fundamenta Capital S.A. acquired a new stake in Pampa Energia in the fourth quarter worth about $23,496,000. Helikon Investments Ltd raised its position in shares of Pampa Energia by 41.9% in the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after purchasing an additional 206,197 shares during the last quarter. Ping Capital Management Inc. boosted its stake in Pampa Energia by 217.6% in the 3rd quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock worth $14,535,000 after purchasing an additional 165,800 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in Pampa Energia by 42.4% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock worth $21,104,000 after purchasing an additional 90,500 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its stake in Pampa Energia by 467.2% during the 2nd quarter. Banco BTG Pactual S.A. now owns 93,583 shares of the utilities provider’s stock valued at $6,493,000 after purchasing an additional 77,083 shares in the last quarter. Institutional investors own 12.77% of the company’s stock.

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.