Stock Traders Buy Large Volume of Pampa Energia Call Options (NYSE:PAM)

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Pampa Energia S.A. (NYSE:PAM) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 8,859 call options on the company. This represents an increase of approximately 1,777% compared to the average volume of 472 call options.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Pampa Energia from a “strong sell” rating to a “hold” rating and set a $28.00 target price on the stock in a research report on Tuesday, April 16th. ValuEngine cut Pampa Energia from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Pampa Energia has a consensus rating of “Buy” and an average target price of $42.50.

A number of institutional investors have recently added to or reduced their stakes in PAM. TT International grew its position in Pampa Energia by 59.9% in the fourth quarter. TT International now owns 1,751,889 shares of the utilities provider’s stock valued at $55,727,000 after acquiring an additional 656,336 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Pampa Energia by 94.2% during the first quarter. BlackRock Inc. now owns 1,217,279 shares of the utilities provider’s stock valued at $33,561,000 after purchasing an additional 590,573 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Pampa Energia by 155.5% during the first quarter. Fiera Capital Corp now owns 372,405 shares of the utilities provider’s stock valued at $10,267,000 after purchasing an additional 226,663 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Pampa Energia by 161.2% during the fourth quarter. Millennium Management LLC now owns 219,307 shares of the utilities provider’s stock valued at $6,976,000 after purchasing an additional 135,336 shares in the last quarter. Finally, Oaktree Capital Management LP boosted its stake in shares of Pampa Energia by 30.4% during the first quarter. Oaktree Capital Management LP now owns 441,500 shares of the utilities provider’s stock valued at $12,172,000 after purchasing an additional 103,000 shares in the last quarter. Hedge funds and other institutional investors own 38.30% of the company’s stock.

Pampa Energia stock opened at $33.66 on Thursday. Pampa Energia has a 12-month low of $19.50 and a 12-month high of $48.72. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -22.00 and a beta of 0.33.

Pampa Energia (NYSE:PAM) last released its earnings results on Friday, May 10th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.01) by $2.96. Pampa Energia had a negative return on equity of 6.38% and a net margin of 0.88%. The firm had revenue of $687.62 million for the quarter. As a group, equities analysts anticipate that Pampa Energia will post 2.21 earnings per share for the current fiscal year.

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Pampa Energia Company Profile

Pampa EnergĂ­a SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. 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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