Short Interest in Pampa Energía S.A. (NYSE:PAM) Decreases By 38.7%


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Pampa Energía S.A. (NYSE:PAM) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 618,900 shares, a drop of 38.7% from the December 15th total of 1,010,000 shares. Based on an average trading volume of 159,200 shares, the short-interest ratio is presently 3.9 days. Approximately 1.1% of the shares of the company are sold short.

A number of research analysts have recently weighed in on the company. HSBC raised their price target on Pampa Energía from $7.00 to $12.00 and gave the company a “reduce” rating in a research report on Thursday, December 17th. Zacks Investment Research raised shares of Pampa Energía from a “sell” rating to a “hold” rating in a report on Tuesday, January 5th. Finally, TheStreet upgraded Pampa Energía from a “d+” rating to a “c-” rating in a report on Monday, December 7th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $11.55.

Pampa Energía stock traded up $0.18 during midday trading on Thursday, reaching $12.87. The stock had a trading volume of 550 shares, compared to its average volume of 128,527. The firm has a market cap of $749.29 million, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 0.54 and a beta of 0.80. Pampa Energía has a 52-week low of $8.72 and a 52-week high of $15.05. The company has a quick ratio of 1.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $13.73 and a 200 day moving average of $12.06.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, November 11th. The utilities provider reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.17. Pampa Energía had a net margin of 6.12% and a return on equity of 5.80%. The company had revenue of $592.00 million for the quarter, compared to the consensus estimate of $573.36 million. Equities research analysts predict that Pampa Energía will post 3.46 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its position in Pampa Energía by 24.1% in the 1st quarter. FMR LLC now owns 65,461 shares of the utilities provider’s stock valued at $1,805,000 after buying an additional 12,721 shares during the last quarter. UBS Group AG increased its holdings in shares of Pampa Energía by 190.0% in the 2nd quarter. UBS Group AG now owns 4,136 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 2,710 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Pampa Energía in the 2nd quarter valued at about $932,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Pampa Energía in the 2nd quarter valued at about $148,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Pampa Energía by 23.8% in the 2nd quarter. Two Sigma Advisers LP now owns 38,500 shares of the utilities provider’s stock valued at $404,000 after purchasing an additional 7,400 shares during the period. Institutional investors own 17.26% of the company’s stock.

About Pampa Energía

Pampa Energía SA, an integrated electricity company, engages in the generation, transmission, and distribution of electricity in Argentina. It operates through Electricity Generation, Electricity Distribution, Oil and Gas, Petrochemicals, and Holding and Other Business segments. 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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