Pampa Energía (NYSE:PAM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Pampa Energía (NYSE:PAMFree Report) had its price target upped by JPMorgan Chase & Co. from $59.00 to $93.50 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

Several other equities analysts have also commented on PAM. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased their price target for the company from $58.00 to $75.00 in a research note on Friday, November 1st. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Pampa Energía has an average rating of “Hold” and a consensus price target of $71.63.

Get Our Latest Analysis on Pampa Energía

Pampa Energía Stock Up 2.2 %

Shares of NYSE PAM opened at $94.71 on Friday. The business’s 50 day moving average is $84.33 and its two-hundred day moving average is $64.95. Pampa Energía has a 52-week low of $38.15 and a 52-week high of $97.55. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 14.57 and a beta of 0.94.

Pampa Energía (NYSE:PAMGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. During the same period in the previous year, the company posted $2.80 earnings per share. Research analysts predict that Pampa Energía will post 8.65 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings 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 buying an additional 253 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 345 shares during 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 buying an additional 398 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying an additional 526 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of Pampa Energía by 3.9% during the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock valued at $1,006,000 after acquiring an additional 573 shares during the last quarter. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

About Pampa Energía

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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.

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