Pampa Energía S.A. (NYSE:PAM) Receives $48.17 Consensus PT from Brokerages

Shares of Pampa Energía S.A. (NYSE:PAM) have earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $50.50.

A number of brokerages recently weighed in on PAM. StockNews.com cut Pampa Energía from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. upped their price objective on Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. HSBC upgraded Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price objective for the company in a research note on Tuesday, May 21st. Finally, Citigroup upgraded Pampa Energía from a “neutral” rating to a “buy” rating and increased their price target for the company from $51.00 to $58.00 in a research note on Wednesday.

Pampa Energía Stock Performance

Shares of Pampa Energía stock opened at $44.63 on Monday. The stock’s fifty day moving average is $46.08 and its two-hundred day moving average is $45.45. The company has a market capitalization of $2.43 billion, a PE ratio of 5.71 and a beta of 0.99. The company has a quick ratio of 2.26, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. Pampa Energía has a 52 week low of $32.91 and a 52 week high of $52.17.

Pampa Energía (NYSE:PAM) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, topping the consensus estimate of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The business had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $419.61 million. As a group, analysts expect that Pampa Energía will post 7.91 earnings per share for the current year.

Institutional Trading of Pampa Energía

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in Pampa Energía in the fourth quarter valued at approximately $41,000. SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energía in the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC acquired a new stake in Pampa Energía in the first quarter valued at approximately $52,000. Headlands Technologies LLC acquired a new stake in Pampa Energía in the first quarter valued at approximately $69,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Pampa Energía in the fourth quarter valued at approximately $99,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Company Profile

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.