Stock Traders Buy Large Volume of Pampa Energia Call Options (NYSE:PAM)

Pampa Energia S.A. (NYSE:PAM) saw some unusual options trading on Wednesday. Stock traders bought 8,859 call options on the stock. This is an increase of approximately 1,777% compared to the typical volume of 472 call options.

PAM has been the subject of several recent analyst reports. Zacks Investment Research raised Pampa Energia from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, May 2nd. ValuEngine raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $42.50.

A number of institutional investors have recently made changes to their positions in PAM. Victory Capital Management Inc. acquired a new stake in Pampa Energia during the 4th quarter valued at $69,000. NumerixS Investment Technologies Inc acquired a new stake in Pampa Energia during the 4th quarter valued at $106,000. Barclays PLC acquired a new stake in Pampa Energia during the 4th quarter valued at $124,000. Virtu Financial LLC acquired a new stake in Pampa Energia during the 1st quarter valued at $213,000. Finally, Fort Sheridan Advisors LLC acquired a new stake in Pampa Energia during the 1st quarter valued at $252,000. 38.30% of the stock is owned by institutional investors and hedge funds.

NYSE PAM opened at $33.66 on Thursday. The company has a market capitalization of $2.18 billion, a PE ratio of -22.00 and a beta of 0.33. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.34 and a quick ratio of 1.20. Pampa Energia has a 12 month low of $19.50 and a 12 month high of $48.72.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Friday, May 10th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.01) by $2.96. Pampa Energia had a negative return on equity of 6.38% and a net margin of 0.88%. The business had revenue of $687.62 million during the quarter. On average, sell-side analysts forecast that Pampa Energia will post 2.21 earnings per share for the current year.

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About Pampa Energia

Pampa EnergĂ­a SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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