Pampa Energía (NYSE:PAM) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Pampa Energía (NYSE:PAM) from a hold rating to a buy rating in a report issued on Thursday morning.

A number of other research firms have also commented on PAM. JPMorgan Chase & Co. raised their price target on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Finally, Bank of America lifted 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.00.

Pampa Energía Price Performance

Pampa Energía stock opened at $76.38 on Thursday. Pampa Energía has a one year low of $35.19 and a one year high of $78.72. The business has a fifty day moving average price of $64.48 and a 200-day moving average price of $53.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.11. The firm has a market capitalization of $4.17 billion, a P/E ratio of 11.75 and a beta of 0.88.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. During the same period last year, the company earned $2.80 earnings per share. As a group, equities research analysts forecast that Pampa Energía will post 8.65 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

Large investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd raised its position in Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after purchasing an additional 784,407 shares in the last quarter. Millennium Management LLC raised its position in Pampa Energía by 428.0% during the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after purchasing an additional 509,487 shares in the last quarter. Fourth Sail Capital LP purchased a new stake in Pampa Energía during the third quarter valued at about $8,552,000. Glenorchy Capital Ltd raised its position in Pampa Energía by 35.5% during the third quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider’s stock valued at $4,516,000 after purchasing an additional 19,717 shares in the last quarter. Finally, Dorsey Wright & Associates raised its position in Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock valued at $4,208,000 after purchasing an additional 7,553 shares in 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.