Pampa Energía (PAM) Set to Announce Earnings on Wednesday

Pampa Energía (NYSE:PAM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.49 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $479.17 million. On average, analysts expect Pampa Energía to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Pampa Energía Trading Down 0.5 %

Shares of NYSE PAM opened at $65.72 on Tuesday. Pampa Energía has a 1-year low of $32.91 and a 1-year high of $69.59. The company has a 50-day moving average of $61.07 and a two-hundred day moving average of $51.63. The company has a market cap of $3.58 billion, a PE ratio of 9.96 and a beta of 0.88. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

PAM has been the topic of several recent research reports. Citigroup lowered 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 report on Friday. StockNews.com downgraded Pampa Energía from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Bank of America raised their price objective on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Pampa Energía presently has a consensus rating of “Hold” and an average price target of $63.00.

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.