Pampa Energía (NYSE:PAM) Stock Rating Upgraded by TheStreet

Pampa Energía (NYSE:PAMGet Rating) was upgraded by TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.

Other equities analysts have also recently issued reports about the stock. StockNews.com started coverage on shares of Pampa Energía in a research note on Thursday, March 31st. They issued a “strong-buy” rating for the company. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $23.00 price objective for the company in a report on Thursday, May 26th.

Shares of Pampa Energía stock opened at $20.40 on Friday. The firm’s 50 day moving average price is $22.58 and its 200-day moving average price is $21.13. The company has a quick ratio of 2.64, a current ratio of 3.11 and a debt-to-equity ratio of 0.72. Pampa Energía has a 52-week low of $14.71 and a 52-week high of $25.86. The company has a market cap of $1.13 billion, a P/E ratio of 3.34, a PEG ratio of 0.17 and a beta of 0.75.

Several institutional investors and hedge funds have recently made changes to their positions in PAM. FMR LLC lifted its holdings in Pampa Energía by 24.1% in the first quarter. FMR LLC now owns 65,461 shares of the utilities provider’s stock valued at $1,805,000 after acquiring an additional 12,721 shares during the period. Morgan Stanley grew its holdings in Pampa Energía by 532.3% in the 2nd quarter. Morgan Stanley now owns 76,163 shares of the utilities provider’s stock valued at $1,156,000 after buying an additional 64,118 shares during the period. Bank of America Corp DE grew its holdings 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 valued at $38,000 after buying an additional 1,848 shares during the period. Cubist Systematic Strategies LLC grew its holdings 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 worth $200,000 after purchasing an additional 1,145 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Pampa Energía during the 4th quarter worth about $227,000. Institutional investors and hedge funds own 12.12% of the company’s stock.

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.

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