Pampa Energia S.A. (NYSE:PAM) Short Interest Update

Pampa Energia S.A. (NYSE:PAM) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 217,236 shares, a drop of 35.2% from the July 30th total of 335,372 shares. Based on an average trading volume of 170,793 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the company’s shares are short sold.

Analysts Set New Price Targets

PAM has been the subject of several analyst reports. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Pampa Energia currently has an average rating of “Hold” and a consensus target price of $105.00.

Pampa Energia Stock Up 2.6%

Shares of Pampa Energia stock opened at $86.31 on Thursday. Pampa Energia has a one year low of $54.95 and a one year high of $94.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. The stock’s 50-day moving average is $82.69 and its 200 day moving average is $82.92. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.28 and a beta of 0.93.

Pampa Energia (NYSE:PAM) last released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The business had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. Equities research analysts anticipate that Pampa Energia will post 10.68 EPS for the current year.

Insider Activity

In related news, Director Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $3.41, for a total value of $5,121,820.00. Following the transaction, the director directly owned 21,555,667 shares of the company’s stock, valued at $73,504,824.47. The trade was a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 3,360,619 shares of company stock worth $11,311,974 in the last ninety days. 55.52% of the stock is owned by company insiders.

Institutional Trading of Pampa Energia

Several large investors have recently modified their holdings of PAM. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia in the 2nd quarter valued at $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia during the fourth quarter worth $104,000. Van ECK Associates Corp bought a new position in Pampa Energia during the third quarter worth $139,000. Arete Wealth Advisors LLC acquired a new stake in Pampa Energia in the fourth quarter worth $212,000. Finally, DGS Capital Management LLC acquired a new stake in Pampa Energia in the fourth quarter worth $234,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energia Company Profile

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.