Analysts Set Pampa Energía S.A. (NYSE:PAM) PT at $50.50

Shares of Pampa Energía S.A. (NYSE:PAM) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, 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 price target among analysts that have issued a report on the stock in the last year is $55.88.

Several equities research analysts have commented on PAM shares. Bank of America boosted their price target on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price on the stock in a report on Tuesday, May 21st. JPMorgan Chase & Co. upped their target price on shares of Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a report on Tuesday, May 28th. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and upped their target price for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd.

Pampa Energía Trading Up 0.3 %

Shares of NYSE:PAM opened at $59.14 on Wednesday. The company’s 50-day moving average price is $49.66 and its two-hundred day moving average price is $46.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01. Pampa Energía has a one year low of $32.91 and a one year high of $59.84. The stock has a market capitalization of $3.23 billion, a PE ratio of 7.57 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The firm had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $479.17 million. On average, equities analysts forecast that Pampa Energía will post 8.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Claro Advisors LLC boosted its position in shares of Pampa Energía by 6.0% during the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 286 shares in the last quarter. Driehaus Capital Management LLC lifted its stake in Pampa Energía by 1.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 398 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía in the 2nd quarter valued at approximately $37,000. SPX Gestao de Recursos Ltda bought a new position in Pampa Energía in the 4th quarter valued at approximately $44,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 1,059 shares during the last quarter. 12.77% of the stock is owned by institutional investors.

About Pampa Energía

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.