Pampa Energía (NYSE:PAM) Releases Earnings Results

Pampa Energía (NYSE:PAM) issued its quarterly earnings data on Wednesday. The utilities provider reported $1.90 earnings per share for the quarter, Zacks reports. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $454.61 million.

Pampa Energía Stock Up 2.3 %

PAM opened at $77.48 on Thursday. Pampa Energía has a fifty-two week low of $38.15 and a fifty-two week high of $97.55. The business has a 50-day moving average of $85.15 and a 200-day moving average of $74.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The company has a market capitalization of $4.23 billion, a PE ratio of 11.92 and a beta of 0.92.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PAM shares. JPMorgan Chase & Co. lifted their price objective on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pampa Energía currently has a consensus rating of “Hold” and an average price target of $71.63.

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.