Pampa Energia (NYSE:PAM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Pampa Energia S.A. (NYSE:PAM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $77.59 and traded as high as $83.80. Pampa Energia shares last traded at $83.5050, with a volume of 245,602 shares.

Wall Street Analysts Forecast Growth

PAM has been the subject of a number of research reports. Zacks Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen raised Pampa Energia from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Citigroup upgraded shares of Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Monday, November 3rd. One equities research 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’s stock. According to MarketBeat.com, Pampa Energia has a consensus rating of “Hold” and a consensus target price of $113.00.

Pampa Energia Stock Up 4.6%

The business’s 50 day simple moving average is $85.01 and its 200 day simple moving average is $77.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.33 and a current ratio of 2.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. PointState Capital LP acquired a new position in Pampa Energia during the fourth quarter valued at $24,006,000. Fundamenta Capital S.A. purchased a new position in Pampa Energia during the 4th quarter valued at about $23,496,000. Helikon Investments Ltd increased its holdings 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 period. Ping Capital Management Inc. lifted its position in shares of Pampa Energia by 217.6% in the third 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. Finally, Seldon Capital LP purchased a new stake in shares of Pampa Energia in the fourth quarter worth approximately $12,582,000. Hedge funds and other 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.