Pampa Energía (NYSE:PAM) Rating Lowered to Hold at StockNews.com

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

Other analysts have also issued research reports about the company. Bank of America lifted their price objective on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target on shares of Pampa Energía from $47.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $57.75.

Pampa Energía Price Performance

Shares of Pampa Energía stock opened at $66.37 on Monday. 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 cap of $3.62 billion, a PE ratio of 10.06 and a beta of 0.89. The firm has a fifty day moving average price of $59.87 and a two-hundred day moving average price of $50.97. Pampa Energía has a fifty-two week low of $32.91 and a fifty-two week high of $69.59.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, beating 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 business had revenue of $500.00 million during the quarter, compared to analysts’ expectations of $479.17 million. Analysts expect that Pampa Energía will post 8.91 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PAM. Blue Trust Inc. increased its holdings in shares of Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after buying an additional 253 shares in the last quarter. Claro Advisors LLC grew its position in 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 during the last quarter. GAMMA Investing LLC increased its holdings in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 345 shares in the last quarter. Driehaus Capital Management LLC raised its position 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. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Pampa Energía by 26.6% in 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 purchasing an additional 526 shares during the last quarter. 12.77% of the stock is owned by 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.