Pampa Energía (NYSE:PAM) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Pampa Energía (NYSE:PAM) had its target price upped by investment analysts at JPMorgan Chase & Co. from $59.00 to $93.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 1.28% from the stock’s current price.

Several other research firms have also recently commented on PAM. Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Friday, November 1st. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Trading Up 2.2 %

NYSE PAM opened at $94.71 on Friday. Pampa Energía has a one year low of $38.15 and a one year high of $97.55. 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 firm has a market cap of $5.17 billion, a P/E ratio of 14.57 and a beta of 0.94. The stock’s 50-day moving average is $84.33 and its 200-day moving average is $64.95.

Pampa Energía (NYSE:PAM) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The firm 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 12.15%. During the same period last year, the company posted $2.80 EPS. Sell-side analysts anticipate that Pampa Energía will post 8.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Pampa Energía during the second quarter worth $37,000. GAMMA Investing LLC increased its holdings in Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 1,059 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Pampa Energía by 26.6% in 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 acquiring an additional 526 shares during the last quarter. Institutional investors 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.