Pampa Energía (NYSE:PAM) Rating Lowered to Hold at Zacks Investment Research

Pampa Energía (NYSE:PAMGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Pampa Energía S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina. “

PAM has been the subject of a number of other research reports. HSBC upgraded Pampa Energía from a “reduce” rating to a “hold” rating and set a $23.00 target price for the company in a research note on Thursday, May 26th. StockNews.com began coverage on Pampa Energía in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company.

NYSE PAM opened at $23.26 on Thursday. Pampa Energía has a fifty-two week low of $14.71 and a fifty-two week high of $25.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.64 and a current ratio of 3.11. The stock has a 50 day simple moving average of $22.70 and a two-hundred day simple moving average of $20.82. The stock has a market cap of $1.29 billion, a P/E ratio of 3.81, a price-to-earnings-growth ratio of 0.20 and a beta of 0.76.

Pampa Energía (NYSE:PAMGet Rating) last released its earnings results on Thursday, March 10th. The utilities provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.12). The firm had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $364.46 million. Pampa Energía had a net margin of 21.20% and a return on equity of 21.14%. Sell-side analysts predict that Pampa Energía will post 3.69 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of PAM. Aviva Holdings Ltd. lifted its stake in shares of Pampa Energía by 487.6% in the fourth quarter. Aviva Holdings Ltd. now owns 1,069,230 shares of the utilities provider’s stock worth $22,571,000 after buying an additional 887,249 shares in the last quarter. Eaton Vance Management lifted its stake in shares of Pampa Energía by 420,600.0% in the first quarter. Eaton Vance Management now owns 210,350 shares of the utilities provider’s stock worth $4,971,000 after buying an additional 210,300 shares in the last quarter. Light Sky Macro LP bought a new position in shares of Pampa Energía in the fourth quarter worth approximately $1,529,000. Morgan Stanley lifted its stake in shares of Pampa Energía by 85.4% in the third quarter. Morgan Stanley now owns 141,185 shares of the utilities provider’s stock worth $2,466,000 after buying an additional 65,022 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of Pampa Energía in the fourth quarter worth approximately $1,354,000. 12.12% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Company Profile (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.

Read More

Get a free copy of the Zacks research report on Pampa Energía (PAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Pampa Energía Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pampa Energía and related companies with MarketBeat.com's FREE daily email newsletter.