Pampa Energia (NYSE:PAM) Releases Earnings Results, Misses Expectations By $0.97 EPS

Pampa Energia (NYSE:PAM) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.97), Zacks reports. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The firm had revenue of $591.00 million during the quarter, compared to analyst estimates of $864.09 billion.

Pampa Energia Stock Performance

Shares of Pampa Energia stock traded down $1.76 on Thursday, reaching $85.68. 96,265 shares of the stock were exchanged, compared to its average volume of 287,551. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $97.55. The company has a current ratio of 2.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average price of $65.92 and a two-hundred day moving average price of $71.43. The firm has a market capitalization of $4.67 billion, a PE ratio of 10.59, a PEG ratio of 7.57 and a beta of 1.17.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PAM. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Wednesday, October 8th. Zacks Research upgraded shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen lowered shares of Pampa Energia from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Citigroup upgraded shares of Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Monday. 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Pampa Energia during the second quarter worth about $37,000. Qube Research & Technologies Ltd acquired a new position in shares of Pampa Energia during the second quarter worth about $379,000. Diversify Advisory Services LLC increased its stake in shares of Pampa Energia by 23.3% during the second quarter. Diversify Advisory Services LLC now owns 7,172 shares of the utilities provider’s stock worth $546,000 after acquiring an additional 1,353 shares during the period. Federated Hermes Inc. acquired a new position in shares of Pampa Energia during the second quarter worth about $578,000. Finally, MML Investors Services LLC acquired a new position in shares of Pampa Energia during the second quarter worth about $982,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

About Pampa Energia

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.