Pampa Energía (NYSE:PAM) Upgraded by HSBC to “Hold”

Pampa Energía (NYSE:PAMGet Rating) was upgraded by research analysts at HSBC from a “reduce” rating to a “hold” rating in a report issued on Thursday, The Fly reports.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Pampa Energía from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, May 4th. StockNews.com began coverage on shares of Pampa Energía in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

Shares of NYSE PAM opened at $23.72 on Thursday. The firm has a 50 day moving average price of $22.51 and a two-hundred day moving average price of $20.65. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.64 and a current ratio of 3.11. Pampa Energía has a 52-week low of $14.39 and a 52-week high of $25.86. The stock has a market cap of $1.32 billion, a P/E ratio of 3.88, a price-to-earnings-growth ratio of 0.18 and a beta of 0.76.

Pampa Energía (NYSE:PAMGet Rating) last released its quarterly earnings data on Thursday, March 10th. The utilities provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.12). Pampa Energía had a return on equity of 21.14% and a net margin of 21.20%. The business had revenue of $406.00 million for the quarter, compared to analyst estimates of $364.46 million. Analysts predict that Pampa Energía will post 3.69 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in Pampa Energía by 283.4% in the 2nd quarter. Bank of America Corp DE now owns 2,500 shares of the utilities provider’s stock worth $38,000 after buying an additional 1,848 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Pampa Energía in the 1st quarter worth about $88,000. UBS Group AG raised its position in Pampa Energía by 726.1% in the 1st quarter. UBS Group AG now owns 4,560 shares of the utilities provider’s stock worth $108,000 after buying an additional 4,008 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Pampa Energía during the 1st quarter valued at about $112,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Pampa Energía by 11.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 11,431 shares of the utilities provider’s stock valued at $200,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors own 12.12% of the company’s stock.

About Pampa Energía (Get Rating)

Pampa Energía SA, an integrated power company, engages in the generation and transmission of electricity in Argentina. It operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. The company generates electricity through combined thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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