Pampa Energía (NYSE:PAM) Rating Increased to Buy at StockNews.com

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

Separately, Citigroup cut their price target on shares of Pampa Energía from $55.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.33.

Pampa Energía Trading Down 1.0 %

PAM stock traded down $0.51 during midday trading on Thursday, reaching $48.98. The company’s stock had a trading volume of 400,465 shares, compared to its average volume of 271,344. The business’s 50-day simple moving average is $43.66 and its 200-day simple moving average is $44.35. The company has a quick ratio of 2.17, a current ratio of 2.56 and a debt-to-equity ratio of 0.51. Pampa Energía has a 52 week low of $32.91 and a 52 week high of $52.17. The stock has a market cap of $2.67 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. The company had revenue of $362.00 million during the quarter, compared to analyst estimates of $395.56 million. As a group, sell-side analysts expect that Pampa Energía will post 6.93 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

Institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new stake in Pampa Energía during the 1st quarter worth approximately $69,000. SG Americas Securities LLC acquired a new stake in shares of Pampa Energía during the first quarter worth $108,000. Janney Montgomery Scott LLC lifted its position in Pampa Energía by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock valued at $12,172,000 after acquiring an additional 13,834 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Pampa Energía by 93.8% in the 1st quarter. BNP Paribas Financial Markets now owns 17,805 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 8,620 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in Pampa Energía during the 1st quarter worth about $688,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.