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 Energía 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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