Pampa Energía (NYSE:PAM) Shares Gap Down - What's Next?

Pampa Energía S.A. (NYSE:PAM) recently experienced a notable decline in its stock price as it gapped down before trading commenced this Tuesday. The previous closing price was $80.66, and the stock opened at $77.89, ultimately trading at $76.43 with a volume of 45,035 shares exchanged.

Analysts Update Price Targets

A number of equity research analysts have shared their insights regarding Pampa Energía shares. StockNews.com made an upgrade from a "hold" rating to a "buy" rating on November 14. Meanwhile, Citigroup downgraded their rating from "buy" to "neutral" while raising the target price from $58.00 to $75.00 on November 1. Additionally, JPMorgan Chase & Co. raised their target price from $59.00 to $93.50, assigning a "neutral" rating on January 10. As it stands, three analysts are rating the stock as a hold, and two have given it a buy rating. According to MarketBeat, Pampa Energía currently has a consensus rating of "Hold" and an average target price of $71.63.

Performance Overview of Pampa Energía

The company holds a market capitalization of $4.17 billion and has a price-to-earnings ratio of 11.76, along with a beta of 0.92. The 50-day simple moving average stands at $88.12, while the 200-day moving average is at $71.16. The company’s quick ratio is 2.13, current ratio at 2.41, and a debt-to-equity ratio of 0.44.

Recent Institutional Trading Activities

Several institutional investors and hedge funds have recently adjusted their stakes in Pampa Energía. Advisors Preferred LLC purchased a new stake valued at around $26,000 in the fourth quarter. Blue Trust Inc. raised its position in Pampa Energía by 158.1% in the third quarter, now owning 413 shares valued at approximately $25,000 after acquiring an additional 253 shares. Mirae Asset Global Investments Co. Ltd. also bought a new position in the fourth quarter worth around $49,000. Furthermore, GAMMA Investing LLC increased its position by 32.7% in the third quarter, now holding 1,401 shares valued at $84,000. In total, institutional investors own about 12.77% of the stock.

Company Background

Pampa Energía S.A. is an integrated power company based in Argentina. It operates through various segments, including Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Businesses. The company produces electricity using thermal plants, hydroelectric plants, and wind farms with an installed capacity of 5,332 megawatts (MW).

Considerations for Investors

Before making investment decisions regarding Pampa Energía, potential investors should stay informed about recent analyst ratings. While Pampa Energía’s current rating leans towards "Hold", some analysts may suggest better options for investment elsewhere in the market.

Pampa, Energía, stock