Pampa Energia Target of Unusually Large Options Trading (NYSE:PAM)

Pampa Energia S.A. (NYSE:PAM) was the recipient of some unusual options trading activity on Tuesday. Investors bought 1,690 put options on the company. This is an increase of approximately 1,757% compared to the average daily volume of 91 put options.

Shares of NYSE:PAM traded down $0.90 during trading on Wednesday, reaching $15.36. The company’s stock had a trading volume of 130,763 shares, compared to its average volume of 671,661. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.97. Pampa Energia has a 12 month low of $14.32 and a 12 month high of $39.89. The company’s 50 day moving average price is $32.97. The stock has a market cap of $2.56 billion, a PE ratio of -10.38 and a beta of 0.60.

A number of brokerages recently commented on PAM. TheStreet raised shares of Pampa Energia from a “d+” rating to a “c” rating in a report on Wednesday, June 26th. Bank of America downgraded shares of Pampa Energia from a “buy” rating to a “neutral” rating and lowered their price target for the company from $52.50 to $33.00 in a report on Tuesday. Zacks Investment Research raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley downgraded shares of Pampa Energia from an “overweight” rating to an “equal weight” rating in a report on Monday. Finally, ValuEngine downgraded shares of Pampa Energia from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Pampa Energia currently has an average rating of “Hold” and a consensus price target of $37.00.

Several large investors have recently made changes to their positions in PAM. BlackRock Inc. lifted its holdings in shares of Pampa Energia by 197.0% in the 2nd quarter. BlackRock Inc. now owns 3,615,187 shares of the utilities provider’s stock valued at $125,339,000 after acquiring an additional 2,397,908 shares during the last quarter. Vanguard Group Inc. purchased a new stake in Pampa Energia in the 2nd quarter worth about $10,492,000. Northern Trust Corp raised its position in Pampa Energia by 299.4% in the 2nd quarter. Northern Trust Corp now owns 379,550 shares of the utilities provider’s stock worth $13,159,000 after purchasing an additional 284,521 shares during the period. Fiera Capital Corp raised its position in Pampa Energia by 155.5% in the 1st quarter. Fiera Capital Corp now owns 372,405 shares of the utilities provider’s stock worth $10,267,000 after purchasing an additional 226,663 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Pampa Energia in the 2nd quarter worth about $6,977,000. 37.81% of the stock is owned by hedge funds and other institutional investors.

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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