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 (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 Energía 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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