Pampa Energía (NYSE:PAM) Stock Rating Lowered by Citigroup

Citigroup downgraded shares of Pampa Energía (NYSE:PAM) from a buy rating to a neutral rating in a research report report published on Friday morning, MarketBeat.com reports. The firm currently has $75.00 target price on the utilities provider’s stock, up from their previous target price of $58.00.

PAM has been the topic of a number of other research reports. StockNews.com lowered Pampa Energía from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Bank of America lifted their price objective on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Pampa Energía has an average rating of “Hold” and an average price target of $63.00.

Pampa Energía Price Performance

Shares of NYSE PAM opened at $65.72 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01. The firm’s 50 day simple moving average is $61.07 and its 200-day simple moving average is $51.63. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $69.59. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 9.96 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 (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. Analysts expect that Pampa Energía will post 8.65 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after buying an additional 253 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Pampa Energía in the second quarter valued at $37,000. EverSource Wealth Advisors LLC acquired a new position in shares of Pampa Energía in the 1st quarter valued at $52,000. Headlands Technologies LLC purchased a new position in shares of Pampa Energía during the 1st quarter worth $69,000. Finally, GAMMA Investing LLC raised 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 buying an additional 345 shares during the period. 12.77% of the stock is currently 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.