Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pampa Energia (NYSE:PAM) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other research firms also recently issued reports on PAM. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a report on Wednesday, October 8th. Zacks Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Citigroup upgraded Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.25.

Pampa Energia Stock Up 0.9%

Shares of NYSE PAM opened at $87.25 on Friday. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $97.55. The firm’s 50-day simple moving average is $67.07 and its 200 day simple moving average is $71.62. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 7.57 and a beta of 1.18.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, November 4th. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.97). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.The company had revenue of $591.00 million during the quarter, compared to the consensus estimate of $864.09 billion. On average, research analysts expect that Pampa Energia will post 9.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Several institutional investors have recently modified their holdings of PAM. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia during the second quarter worth $37,000. Advisors Preferred LLC lifted its holdings in shares of Pampa Energia by 158.9% in the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 448 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Pampa Energia during the second quarter worth about $51,000. Burns Matteson Capital Management LLC bought a new position in shares of Pampa Energia during the first quarter worth about $186,000. Finally, Banco Santander S.A. acquired a new stake in Pampa Energia in the 1st quarter valued at approximately $221,000. 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.