Company shares last traded at $69.89 which is just a bit higher than the 50 day moving average of $63.92 and significantly higher than the 200 day moving average of $60.02. The 50 day moving average was up $5.97 or +9.34% whereas the 200 day moving average was up $9.87 or +16.44%. 297K shares changed hands on Tuesday. Trading volume was down 26.03% under the stocks average daily volume.
Traders are more bearish on Pampa Energia S.A. Pampa Energi recently looking at the change in short interest. The firm recorded a rise in short interest between September 15, 2017 and September 29, 2017 of 5.90%. Short interest increased 61,848 over that timeframe. With short interest at 1,110,297 and short average daily volume at 178,529, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.02% on September 29.
These firms have modified their investment in PAM. Eqis Capital Management, Inc. added to its holdings by buying 528 shares an increase of 12.9% as of 09/30/2017. Eqis Capital Management, Inc. owns 4,610 shares worth $300,000. The total value of its holdings increased 25.0%. As of quarter end James Investment Research Inc had disposed of 300 shares trimming its position 37.5%. The value of the total investment in Pampa Energia S.A. Pampa Energi went from $47,000 to $33,000 a change of 29.8% quarter over quarter.
Atria Investments LLC bolstered its position by buying 791 shares an increase of 14.7%. Atria Investments LLC claims 6,182 shares valued at $402,000. The value of the position overall is up by 26.8%. Fisher Asset Management, LLC augmented its investment by buying 1,198 shares an increase of 12.6% from 06/30/2017 to 09/30/2017. Fisher Asset Management, LLC now controls 10,698 shares with a value of $696,000. The total value of its holdings increased 24.5%.
Equity analyst Morgan Stanley started covering PAM with an initial rating of “Equal-Weight”.
The P/E ratio is 48.20 and the market cap of the company is 5.13B. As of the latest earnings report the EPS was $1.45 and is estimated to be $1.83 for the current year with 73,452,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.49 and the next full year EPS is anticipated to be $6.20.
Pampa Energia S.A., launched on February 21, 1945, is an integrated electricity company. The Company, through its subsidiaries, is involved in the generation, transmission and distribution of electricity in Argentina. The Business’s segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena S.A. (Piedra Buena), Central Termica Guemes S.A. (Guemes), Central Termica Loma de la Lata S.A. (Loma la Lata), Hidroelectrica los Nihuiles S.A. (HINISA), Hidroelectrica Diamante S.A. (HIDISA), Pampa Comercializadora S.A and investments in shares in other companies related to the electricity generation sector. Its transmission segment includes an indirect equity interest through Compania Inversora en Transmision Electrica Citelec S.A. (Citelec) in Transener and its subsidiaries. Its distribution segment includes an indirect equity interest in Electricidad Argentina S.A. (EASA) and Empresa Distribuidora y Comercializadora Norte S.A. (Edenor). Its Oil and gas segment includes a direct interest in Petrolera Pampa S.A. (Petrolera Pampa), which is focused on exploration and exploitation of oil and gas. Its holding and others segment includes financial investment operations, holding activities and other businesses..