Pampa Energía (NYSE:PAM) Stock Rating Upgraded by StockNews.com

Pampa Energía (NYSE:PAM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other research firms also recently weighed in on PAM. Bank of America increased their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Citigroup downgraded shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Pampa Energía currently has an average rating of “Hold” and an average price target of $63.00.

Pampa Energía Stock Performance

PAM opened at $76.39 on Thursday. The company has a current ratio of 2.39, a quick ratio of 2.11 and a debt-to-equity ratio of 0.44. Pampa Energía has a 1-year low of $35.19 and a 1-year high of $78.72. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 11.75 and a beta of 0.88. The company’s fifty day moving average price is $64.48 and its two-hundred day moving average price is $53.41.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.95. Pampa Energía had a return on equity of 12.38% and a net margin of 19.86%. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same period last year, the business earned $2.80 EPS. On average, analysts expect that Pampa Energía will post 8.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in Pampa Energía by 158.1% during 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 during the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC bought a new stake in shares of Pampa Energía in the 1st quarter worth $52,000. Headlands Technologies LLC purchased a new position in shares of Pampa Energía in the first quarter worth $69,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Pampa Energía by 32.7% during the third 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 in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.