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

StockNews.com lowered shares of Pampa Energía (NYSE:PAM) from a buy rating to a hold rating in a research note issued to investors on Friday.

Other research analysts have also recently issued reports about the company. HSBC raised Pampa Energía from a reduce rating to a hold rating and set a $46.00 price target for the company in a report on Tuesday, May 21st. Citigroup raised Pampa Energía from a neutral rating to a buy rating and lifted their price target for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Pampa Energía from $46.50 to $47.50 and gave the company a neutral rating in a report on Tuesday, May 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $50.50.

Pampa Energía Stock Down 1.8 %

Shares of NYSE:PAM opened at $41.97 on Friday. The company’s fifty day moving average is $45.54 and its 200-day moving average is $44.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.26 and a current ratio of 2.63. Pampa Energía has a 52 week low of $32.91 and a 52 week high of $52.17. The company has a market capitalization of $2.29 billion, a PE ratio of 5.30 and a beta of 0.99.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The business had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $419.61 million. Equities research analysts predict that Pampa Energía will post 8.62 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in Pampa Energía during the 4th quarter worth about $41,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energía in the 4th quarter valued at about $44,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Pampa Energía in the 1st quarter valued at approximately $52,000. Headlands Technologies LLC bought a new position in Pampa Energía during the 1st quarter worth approximately $69,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Pampa Energía by 144.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 1,166 shares during the period. 12.77% of the stock is owned by institutional investors.

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.