Pampa Energía (NYSE:PAM) Shares Pass Above 200-Day Moving Average of $15.53

Pampa Energía S.A. (NYSE:PAM)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.53 and traded as high as $17.19. Pampa Energía shares last traded at $16.61, with a volume of 222,146 shares.

Separately, Zacks Investment Research lowered shares of Pampa Energía from a “buy” rating to a “hold” rating in a research note on Friday, July 30th.

The firm has a market capitalization of $926.93 million, a PE ratio of -3.52, a price-to-earnings-growth ratio of 0.10 and a beta of 0.59. The company’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $15.55. The company has a quick ratio of 2.61, a current ratio of 3.05 and a debt-to-equity ratio of 0.87.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 11th. The utilities provider reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $1.17. The business had revenue of $346.00 million during the quarter, compared to analyst estimates of $303.54 million. Pampa Energía had a negative net margin of 17.94% and a positive return on equity of 12.67%. On average, sell-side analysts forecast that Pampa Energía S.A. will post 3.69 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in PAM. Morgan Stanley lifted its position in shares of Pampa Energía by 532.3% during the second quarter. Morgan Stanley now owns 76,163 shares of the utilities provider’s stock valued at $1,156,000 after buying an additional 64,118 shares during the last quarter. State Street Corp lifted its position in shares of Pampa Energía by 4.8% during the second quarter. State Street Corp now owns 607,837 shares of the utilities provider’s stock valued at $9,221,000 after buying an additional 27,966 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of Pampa Energía during the first quarter valued at about $326,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Pampa Energía during the second quarter valued at about $236,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Pampa Energía by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,446 shares of the utilities provider’s stock valued at $1,817,000 after buying an additional 13,779 shares during the last quarter. 13.66% of the stock is owned by institutional investors and hedge funds.

About Pampa Energía (NYSE:PAM)

Pampa Energía SA engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Electricity Generation, Distribution of Energy, Oil and Gas, Petrochemicals, and Holding and Others. The Electricity Generation segment includes electricity generation activities through the operation of hydro and thermal power plants as well as wind farms.

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