Pampa Energía (NYSE:PAM) PT Raised to $55.00

Pampa Energía (NYSE:PAM) had its target price increased by investment analysts at JPMorgan Chase & Co. from $47.00 to $55.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 10.00% from the stock’s previous close.

PAM has been the subject of several other research reports. Bank of America upped their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. 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 boosted their price target for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pampa Energía currently has a consensus rating of “Moderate Buy” and an average price target of $57.75.

Pampa Energía Stock Up 1.5 %

Shares of NYSE PAM traded up $0.93 during trading on Wednesday, hitting $61.11. The stock had a trading volume of 17,542 shares, compared to its average volume of 265,043. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $62.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01. The company has a market capitalization of $3.33 billion, a PE ratio of 7.85 and a beta of 0.89. The firm has a fifty day moving average of $51.89 and a two-hundred day moving average of $47.42.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (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 during the quarter, compared to analyst estimates of $479.17 million. As a group, equities research analysts forecast that Pampa Energía will post 9.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Institutional investors have recently added to or reduced their stakes in the business. Banco BTG Pactual S.A. lifted its holdings in shares of Pampa Energía by 472.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 41,410 shares of the utilities provider’s stock worth $2,015,000 after buying an additional 34,181 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Pampa Energía in the fourth quarter worth approximately $44,000. Seldon Capital LP purchased a new stake in Pampa Energía in the fourth quarter worth $1,192,000. AdvisorShares Investments LLC purchased a new stake in Pampa Energía in the fourth quarter worth $811,000. Finally, Claro Advisors LLC lifted its stake in Pampa Energía by 6.0% in the first quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 286 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.