Pampa Energia (NYSE:PAM) Shares Pass Above 200 Day Moving Average – Time to Sell?

Pampa Energia S.A. (NYSE:PAM)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Pampa Energia from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Finally, Citigroup raised shares of Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pampa Energia presently has a consensus rating of “Hold” and an average target price of $113.00.

Pampa Energia Stock Performance

The company’s 50 day moving average price is $84.91 and its 200 day moving average price is $77.65. The company has a quick ratio of 2.33, a current ratio of 2.68 and a debt-to-equity ratio of 0.43.

Institutional Trading of Pampa Energia

Hedge funds have recently modified their holdings of the company. PointState Capital LP bought a new stake in shares of Pampa Energia during the fourth quarter worth $24,006,000. Fundamenta Capital S.A. acquired a new position in Pampa Energia during the 4th quarter worth about $23,496,000. Helikon Investments Ltd lifted its position in Pampa Energia by 41.9% during the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after buying an additional 206,197 shares in the last quarter. Ping Capital Management Inc. grew its holdings in Pampa Energia by 217.6% during the 3rd quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider’s stock worth $14,535,000 after acquiring an additional 165,800 shares during the last quarter. Finally, Seldon Capital LP acquired a new stake in Pampa Energia in the 4th quarter valued at about $12,582,000. Institutional investors and hedge funds 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.