Could Pampa Energia S.A. Pampa Energia S.A. (NYSE:PAM) See a Reversal After Less Sellers Came In?

October 11, 2018 - By Megan Stone

Pampa Energía S.A. (NYSE:PAM) Logo

The stock of Pampa Energia S.A. Pampa Energia S.A. (NYSE:PAM) registered a decrease of 11.12% in short interest. PAM’s total short interest was 1.32 million shares in October as published by FINRA. Its down 11.12% from 1.49 million shares, reported previously. With 628,700 shares average volume, it will take short sellers 2 days to cover their PAM’s short positions. The short interest to Pampa Energia S.A. Pampa Energia S.A.’s float is 3.22%.

The stock decreased 0.31% or $0.09 during the last trading session, reaching $29.32. About 219,217 shares traded. Pampa Energía S.A. (NYSE:PAM) has declined 51.78% since October 11, 2017 and is downtrending. It has underperformed by 67.40% the S&P500.

Pampa Energía S.A., an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company has market cap of $1.93 billion. The firm generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, combined gas and fuel oil turbines, and hydroelectric power generation systems, as well as through a wind farm. It has a 20.22 P/E ratio. As of December 31, 2016, it had an electricity generation installed capacity of approximately 3,433 megawatts; 2.9 million electricity distribution clients in the northern region of the City of Buenos Aires and northwest of the greater Buenos Aires area; and 20,648 kilometers of high voltage transmission lines.

Pampa Energía S.A. (NYSE:PAM) Ratings Coverage

Among 2 analysts covering Pampa Energia (NYSE:PAM), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Pampa Energia had 2 analyst reports since July 12, 2018 according to SRatingsIntel. Bank of America maintained Pampa Energía S.A. (NYSE:PAM) on Friday, September 14 with “Buy” rating.

Pampa Energía S.A. (NYSE:PAM) Ratings Chart

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