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

StockNews.com lowered shares of Pampa Energía (NYSE:PAM) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Other research analysts have also issued reports about the company. Citigroup raised Pampa Energía from a neutral rating to a buy rating and raised their price objective for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. HSBC raised Pampa Energía from a reduce rating to a hold rating and set a $46.00 price objective on the stock in a research report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. raised their price objective on Pampa Energía from $46.50 to $47.50 and gave the company a neutral rating in a research report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $50.50.

Pampa Energía Price Performance

Shares of Pampa Energía stock opened at $46.06 on Wednesday. Pampa Energía has a twelve month low of $32.91 and a twelve month high of $52.17. The stock has a market capitalization of $2.51 billion, a P/E ratio of 5.90 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. The business’s fifty day moving average price is $45.71 and its 200 day moving average price is $45.07.

Pampa Energía (NYSE:PAM) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, beating 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 firm had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $419.61 million. As a group, research analysts anticipate that Pampa Energía will post 7.9 earnings per share for the current year.

Institutional Trading of Pampa Energía

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in shares of Pampa Energía during the fourth quarter worth about $41,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energía during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Pampa Energía during the first quarter worth about $52,000. Headlands Technologies LLC purchased a new stake in shares of Pampa Energía during the first quarter worth about $69,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Pampa Energía during the first quarter worth about $108,000. 12.77% of the stock is owned by hedge funds and other 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.