Pampa Energía (NYSE:PAM) Raised to Buy at StockNews.com

Pampa Energía (NYSE:PAM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Other analysts have also issued reports about the company. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Bank of America boosted their price objective on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.00.

Pampa Energía Stock Performance

Shares of NYSE:PAM opened at $73.97 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.39 and a quick ratio of 2.11. The business’s 50 day moving average price is $63.70 and its 200-day moving average price is $53.03. The firm has a market capitalization of $4.03 billion, a PE ratio of 11.38 and a beta of 0.88. Pampa Energía has a 1 year low of $35.19 and a 1 year high of $74.68.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. The firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.38% and a net margin of 19.86%. During the same period in the previous year, the company posted $2.80 earnings per share. As a group, equities research analysts expect that Pampa Energía will post 8.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 253 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Pampa Energía in the second quarter valued at $37,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Pampa Energía in the 1st quarter valued at $52,000. Headlands Technologies LLC purchased a new stake in shares of Pampa Energía in the 1st quarter valued at $69,000. Finally, GAMMA Investing LLC raised its holdings in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.