Pampa Energía (NYSE:PAM) Downgraded to Hold Rating by StockNews.com

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

Pampa Energía Price Performance

Pampa Energía stock opened at $83.92 on Tuesday. Pampa Energía has a 12-month low of $38.58 and a 12-month high of $97.55. The stock has a market cap of $4.58 billion, a P/E ratio of 12.91 and a beta of 1.16. The company has a 50-day moving average price of $75.54 and a 200 day moving average price of $80.24. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.89. The company had revenue of $414.00 million during the quarter, compared to analysts’ expectations of $487.63 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. Sell-side analysts anticipate that Pampa Energía will post 9.33 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energía

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAM. Advisors Preferred LLC acquired a new stake in shares of Pampa Energía during the fourth quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pampa Energía in the fourth quarter valued at $49,000. Blue Trust Inc. grew its stake in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock valued at $59,000 after buying an additional 259 shares in the last quarter. Compass Group LLC acquired a new stake in shares of Pampa Energía in the fourth quarter valued at $152,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Pampa Energía in the first quarter valued at $186,000. Institutional investors and hedge funds 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.