Stock Traders Buy High Volume of Put Options on Pampa Energia (NYSE:PAM)

Pampa Energia S.A. (NYSE:PAM) was the target of some unusual options trading activity on Wednesday. Traders acquired 801 put options on the company. This is an increase of approximately 1,235% compared to the average volume of 60 put options.

A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Pampa Energia from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $16.00 in a research note on Thursday, December 19th. ValuEngine upgraded shares of Pampa Energia from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. HSBC lowered shares of Pampa Energia from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and cut their target price for the stock from $40.30 to $24.30 in a research note on Thursday, October 3rd. Finally, Zacks Investment Research upgraded Pampa Energia from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.08.

Shares of PAM traded up $0.19 during mid-day trading on Thursday, hitting $14.17. 2,690 shares of the company traded hands, compared to its average volume of 437,223. The stock has a market cap of $940.71 million, a price-to-earnings ratio of -9.37, a P/E/G ratio of 0.23 and a beta of 0.95. The stock has a 50-day moving average price of $15.05 and a two-hundred day moving average price of $19.46. Pampa Energia has a 1 year low of $12.01 and a 1 year high of $39.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.42 and a current ratio of 1.59.

Pampa Energia (NYSE:PAM) last issued its earnings results on Monday, November 11th. The utilities provider reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.06) by $3.69. The company had revenue of $579.00 million for the quarter, compared to analysts’ expectations of $855.65 million. Pampa Energia had a net margin of 30.08% and a return on equity of 26.37%. On average, analysts forecast that Pampa Energia will post 8.72 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Marathon Asset Management LP purchased a new position in Pampa Energia in the third quarter worth about $2,604,000. Voloridge Investment Management LLC purchased a new stake in shares of Pampa Energia in the 3rd quarter worth $994,000. Banco de Sabadell S.A purchased a new stake in shares of Pampa Energia in the 3rd quarter worth $37,000. SG Americas Securities LLC raised its holdings 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 worth $1,212,000 after purchasing an additional 7,545 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Pampa Energia by 569.5% during the third quarter. Teacher Retirement System of Texas now owns 66,217 shares of the utilities provider’s stock valued at $1,150,000 after purchasing an additional 56,327 shares in the last quarter. 28.49% of the stock is owned by institutional investors.

About Pampa Energia

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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