Pampa Energia (NYSE:PAM) Cut to “Sell” at Wall Street Zen

Pampa Energia (NYSE:PAM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Other research analysts have also issued research reports about the company. Citigroup lifted their price target on Pampa Energia from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, May 19th. Zacks Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Pampa Energia currently has an average rating of “Hold” and an average target price of $85.83.

Pampa Energia Trading Up 0.0%

Shares of PAM stock opened at $68.03 on Friday. The stock’s fifty day moving average is $71.95 and its two-hundred day moving average is $74.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70. The firm has a market capitalization of $3.71 billion, a P/E ratio of 8.39, a PEG ratio of 4.39 and a beta of 1.16. Pampa Energia has a fifty-two week low of $54.91 and a fifty-two week high of $97.55.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.35 by ($1.65). The firm had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. Research analysts expect that Pampa Energia will post 9.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. TT International Asset Management LTD grew its position in shares of Pampa Energia by 9.4% during the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider’s stock worth $101,868,000 after buying an additional 112,934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after purchasing an additional 45,653 shares during the last quarter. Helikon Investments Ltd lifted its stake in Pampa Energia by 11.2% during the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider’s stock worth $38,027,000 after purchasing an additional 49,709 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Pampa Energia by 42.4% during the second quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock worth $21,104,000 after purchasing an additional 90,500 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Pampa Energia by 7,143.8% during the first quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider’s stock worth $13,779,000 after purchasing an additional 176,022 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia 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.