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

StockNews.com upgraded shares of Pampa Energía (NYSE:PAM) from a hold rating to a buy rating in a research report released on Thursday morning.

Several other research firms have also weighed in on PAM. JPMorgan Chase & Co. raised their price objective on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Bank of America upped their target price on Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Finally, Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Price Performance

Pampa Energía stock traded up $0.83 during midday trading on Thursday, hitting $76.67. The company’s stock had a trading volume of 209,381 shares, compared to its average volume of 261,593. Pampa Energía has a 12 month low of $35.19 and a 12 month high of $78.72. The company has a quick ratio of 2.11, a current ratio of 2.39 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $4.18 billion, a PE ratio of 11.67 and a beta of 0.88. The stock’s 50-day moving average price is $64.08 and its 200-day moving average price is $53.19.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. The business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.38%. During the same period in the previous year, the firm earned $2.80 EPS. Analysts anticipate that Pampa Energía will post 8.65 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Several hedge funds and other institutional investors have recently modified their holdings of PAM. Blue Trust Inc. lifted its stake in Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 345 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock worth $1,032,000 after purchasing an additional 398 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 526 shares in the last quarter. Finally, Diversify Wealth Management LLC grew its position in Pampa Energía by 3.9% during the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 573 shares in the last quarter. Institutional investors and hedge funds 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.