Pampa Energía S.A. (NYSE:PAM) Short Interest Down 31.0% in May

Pampa Energía S.A. (NYSE:PAM) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 152,100 shares, a drop of 31.0% from the May 15th total of 220,400 shares. Based on an average daily trading volume, of 210,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Pampa Energía Stock Down 1.0%

Shares of NYSE PAM opened at $73.72 on Tuesday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 11.34 and a beta of 1.18. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. Pampa Energía has a 12 month low of $38.58 and a 12 month high of $97.55. The stock has a 50-day moving average price of $76.19 and a two-hundred day moving average price of $80.84.

Pampa Energía (NYSE:PAM) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.89. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $414.00 million during the quarter, compared to analysts’ expectations of $487.63 million. As a group, analysts forecast that Pampa Energía will post 9.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PAM shares. Citigroup raised their price target on shares of Pampa Energía from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. Wall Street Zen raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LPL Financial LLC increased its holdings in Pampa Energía by 8.2% in the 4th quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider’s stock worth $341,000 after purchasing an additional 293 shares in the last quarter. Advisors Preferred LLC grew its holdings in shares of Pampa Energía by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 448 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Pampa Energía by 0.6% in the fourth quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider’s stock valued at $7,038,000 after buying an additional 473 shares during the period. LWM Advisory Services LLC increased its stake in shares of Pampa Energía by 11.7% in the first quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider’s stock valued at $408,000 after buying an additional 555 shares during the period. Finally, Townsquare Capital LLC raised its holdings in Pampa Energía by 6.5% in the 1st quarter. Townsquare Capital LLC now owns 14,397 shares of the utilities provider’s stock valued at $1,111,000 after buying an additional 878 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.