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

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

Several other research firms have also issued reports on PAM. Bank of America upped their price target on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. raised 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 Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.75.

Pampa Energía Price Performance

NYSE:PAM traded down $1.72 during mid-day trading on Monday, reaching $66.89. The stock had a trading volume of 248,819 shares, compared to its average volume of 260,228. The stock has a market capitalization of $3.65 billion, a P/E ratio of 10.13 and a beta of 0.89. The firm has a 50 day moving average price of $59.59 and a two-hundred day moving average price of $50.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. Pampa Energía has a one year low of $32.91 and a one year high of $69.59.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, topping 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 firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. As a group, analysts expect that Pampa Energía will post 8.91 earnings per share for the current year.

Institutional Trading of Pampa Energía

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new position in shares of Pampa Energía in the second quarter worth about $950,000. Truist Financial Corp bought a new position in shares of Pampa Energía in the second quarter worth about $854,000. Claro Advisors LLC raised its stake in shares of Pampa Energía by 253.9% in the third quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider’s stock worth $1,091,000 after buying an additional 13,037 shares during the period. Glenorchy Capital Ltd raised its stake in shares of Pampa Energía by 35.5% in the third quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider’s stock worth $4,516,000 after buying an additional 19,717 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after buying an additional 509,487 shares during the period. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.