Pampa Energía (NYSE:PAM) Upgraded to Buy at StockNews.com

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

Several other equities analysts have also recently commented on the stock. Bank of America raised their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.00.

Pampa Energía Stock Performance

Shares of NYSE PAM opened at $76.38 on Thursday. Pampa Energía has a 12-month low of $35.19 and a 12-month high of $78.72. The company has a market cap of $4.17 billion, a PE ratio of 11.75 and a beta of 0.88. The stock has a 50 day simple moving average of $64.48 and a 200-day simple moving average of $53.53. The company has a current ratio of 2.41, a quick ratio of 2.11 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter in the previous year, the firm posted $2.80 EPS. On average, equities research analysts forecast that Pampa Energía will post 8.65 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

Large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 253 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Pampa Energía during the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC bought a new stake in shares of Pampa Energía during the 1st quarter worth $52,000. GAMMA Investing LLC grew its holdings in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 345 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Pampa Energía during the first quarter worth $69,000. Institutional investors 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.