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

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

PAM has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price target on shares of Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Citigroup upgraded Pampa Energía from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $58.00 in a report on Wednesday. Finally, HSBC raised Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price for the company in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Pampa Energía Price Performance

NYSE:PAM traded up $1.35 during midday trading on Thursday, hitting $44.63. 362,155 shares of the stock were exchanged, compared to its average volume of 303,667. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 5.71 and a beta of 0.99. The company has a current ratio of 2.63, a quick ratio of 2.26 and a debt-to-equity ratio of 0.45. Pampa Energía has a one year low of $32.91 and a one year high of $52.17. The business has a 50-day moving average price of $46.10 and a two-hundred day moving average price of $45.44.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The company had revenue of $401.00 million for the quarter, compared to the consensus estimate of $419.61 million. Sell-side analysts predict that Pampa Energía will post 7.91 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new position in Pampa Energía during the first quarter valued at approximately $52,000. Murchinson Ltd. acquired a new stake in shares of Pampa Energía during the 1st quarter valued at $3,020,000. Headlands Technologies LLC purchased a new position in shares of Pampa Energía during the 1st quarter valued at $69,000. SG Americas Securities LLC acquired a new position in shares of Pampa Energía in the first quarter worth $108,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Pampa Energía by 5.2% during the first quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock worth $12,172,000 after acquiring an additional 13,834 shares in the last quarter. 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.