Pampa Energía (NYSE:PAM) Shares Gap Down to $41.85

Shares of Pampa Energía S.A. (NYSE:PAMGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $41.85, but opened at $40.00. Pampa Energía shares last traded at $40.45, with a volume of 47,878 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Pampa Energía from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $33.00 to $43.00 in a research report on Monday, December 4th. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.50.

Check Out Our Latest Stock Report on PAM

Pampa Energía Trading Up 0.7 %

The company’s 50 day simple moving average is $45.48 and its 200 day simple moving average is $43.57. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.56 and a quick ratio of 1.92.

Hedge Funds Weigh In On Pampa Energía

Several institutional investors have recently modified their holdings of the business. QP Wealth Management LLC grew its stake in shares of Pampa Energía by 10.6% in the third quarter. QP Wealth Management LLC now owns 5,725 shares of the utilities provider’s stock worth $214,000 after acquiring an additional 550 shares in the last quarter. Dfpg Investments LLC grew its stake in shares of Pampa Energía by 5.7% in the fourth quarter. Dfpg Investments LLC now owns 14,194 shares of the utilities provider’s stock worth $688,000 after acquiring an additional 767 shares in the last quarter. Csenge Advisory Group grew its stake in shares of Pampa Energía by 4.0% during the third quarter. Csenge Advisory Group now owns 21,004 shares of the utilities provider’s stock worth $785,000 after purchasing an additional 814 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Pampa Energía during the fourth quarter worth $41,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energía during the fourth quarter worth $44,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

About Pampa Energía

(Get Free Report)

Pampa Energía SA operates as an independent energy integrated company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal generation plants, thermal gas-fired thermal generation plants, and hydroelectric power generation systems, as well as through a wind farm.

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