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

StockNews.com upgraded shares of Pampa Energía (NYSE:PAM) from a hold rating to a buy rating in a research note released on Thursday.

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

Pampa Energía Stock Performance

Pampa Energía stock traded up $0.83 during trading hours on Thursday, reaching $76.67. 209,381 shares of the company were exchanged, compared to its average volume of 261,593. Pampa Energía has a 12 month low of $35.19 and a 12 month high of $78.72. The company has a current ratio of 2.39, a quick ratio of 2.11 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $64.08 and a 200 day moving average of $53.19. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 11.67 and a beta of 0.88.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) 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 company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. During the same period last year, the business posted $2.80 earnings per share. As a group, research analysts anticipate that Pampa Energía will post 8.65 earnings per share for the current year.

Hedge Funds Weigh In On Pampa Energía

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 253 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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. Driehaus Capital Management LLC boosted its holdings in Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock valued at $1,032,000 after purchasing an additional 398 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 526 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in shares of Pampa Energía by 3.9% during the 3rd quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock worth $1,006,000 after buying an additional 573 shares during the period. Institutional investors and hedge funds 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.