Notable News to Watch: Pampa Energía S.A. (NYSE:PAM)
On Monday Pampa Energía S.A. (NYSE:PAM) started its trading session with the price $14.08 and closed at price of $13.54 by scoring -3.49%. Day range of the stock was $13.5 – $14.15. PAM stock traded with total volume of 937704 shares while the average trading capacity remained 603626 shares. Earnings per share was $1.16. PAM has total market capitalization of $25724239727.
On Nov. 11, 2019, Pampa Energía S.A. (NYSE:PAM) the largest independent energy integrated company in Argentina, with active participation in the country’s electricity and gas value chain, declared the results for the nine-month period and quarter ended on September 30, 2019.
The Company adopted the US Dollar as functional currency (‘FC US$’) for the reporting of its financial information, effective as from January 1, 2019. However, the information of the comparative periods is reported in local and constant currency (‘L&CC’) as of December 31, 2018, which are shown in US$ converted by closing nominal exchange rate (‘FX’).
Moreover, Edenor, Transener, OldelVal, Refinor and TGS continue recording their operations under L&CC, therefore their figures are adjusted by inflation. For further information, see section 2 of the Earnings Release or footnote 3 of Pampa’s financial statements (‘FS’).
For the convenience of the reader, it is shown as supplementary information for each segment’s quarterly comparative period the figures recorded in local currency and nominal terms (‘L&NC’) expressed in US$ at average FX, except for the distribution segment and subsidiaries subject to L&CC, which comparative quarter’s figures are shown in L&CC as of September 30, 2019 and expressed in US$ at closing FX.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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