Pampa Energia S.A. (NYSE:PAM) shares gapped down prior to trading on Friday . The stock had previously closed at $16.36, but opened at $15.65. Pampa Energia shares last traded at $14.03, with a volume of 2,096,969 shares traded.

PAM has been the topic of a number of analyst reports. HSBC cut Pampa Energia from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $40.30 to $24.30 in a research report on Thursday, October 3rd. ValuEngine raised Pampa Energia from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Bank of America cut Pampa Energia from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $52.50 to $33.00 in a research report on Tuesday, August 13th. Finally, Zacks Investment Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Pampa Energia has an average rating of “Buy” and a consensus target price of $32.08.

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.09 and a current ratio of 1.24. The business has a 50-day moving average price of $16.27 and a 200 day moving average price of $23.30. The stock has a market capitalization of $1.15 billion, a P/E ratio of -9.17, a PEG ratio of 0.19 and a beta of 0.98.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Monday, August 12th. The utilities provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $1.25. The firm had revenue of $808.00 million for the quarter. Pampa Energia had a return on equity of 16.83% and a net margin of 16.83%. As a group, research analysts forecast that Pampa Energia S.A. will post 4.13 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its position in Pampa Energia by 12.1% in the 3rd quarter. SG Americas Securities LLC now owns 69,830 shares of the utilities provider’s stock valued at $1,212,000 after acquiring an additional 7,545 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Pampa Energia by 569.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 66,217 shares of the utilities provider’s stock valued at $1,150,000 after acquiring an additional 56,327 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Pampa Energia by 10.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 40,972 shares of the utilities provider’s stock valued at $711,000 after acquiring an additional 3,800 shares in the last quarter. Deltec Asset Management LLC lifted its position in Pampa Energia by 2.5% in the 3rd quarter. Deltec Asset Management LLC now owns 62,486 shares of the utilities provider’s stock valued at $1,085,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in Pampa Energia in the 2nd quarter valued at approximately $309,000. 43.41% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energia Company Profile (NYSE:PAM)

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.

Read More: How do taxes affect a CDs total return?

Receive News & Ratings for Pampa Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pampa Energia and related companies with MarketBeat.com's FREE daily email newsletter.