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

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

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

Pampa Energía Stock Up 0.4 %

Pampa Energía stock opened at $69.51 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. Pampa Energía has a 1-year low of $32.91 and a 1-year high of $71.01. The firm’s fifty day simple moving average is $62.37 and its 200-day simple moving average is $52.22. The company has a market capitalization of $3.79 billion, a P/E ratio of 10.69 and a beta of 0.88.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. The company had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. Sell-side analysts forecast that Pampa Energía will post 8.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 253 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía during the second quarter worth $37,000. EverSource Wealth Advisors LLC acquired a new position in Pampa Energía during the 1st quarter valued at $52,000. GAMMA Investing LLC boosted its holdings in Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 345 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Pampa Energía in the 1st quarter worth $69,000. 12.77% of the stock is owned by 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.