Pampa Energía (NYSE:PAM) Given New $51.00 Price Target at Citigroup

Pampa Energía (NYSE:PAM) had its price objective lowered by research analysts at Citigroup from $55.00 to $51.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. Citigroup’s price objective indicates a potential upside of 21.75% from the stock’s current price.

Separately, StockNews.com lowered Pampa Energía from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.33.

Pampa Energía Trading Down 0.3 %

NYSE PAM opened at $41.89 on Wednesday. The company has a quick ratio of 2.16, a current ratio of 2.56 and a debt-to-equity ratio of 0.51. Pampa Energía has a twelve month low of $32.10 and a twelve month high of $52.17. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The business’s fifty day moving average is $42.68 and its 200 day moving average is $43.66.

Pampa Energía (NYSE:PAM) last released its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.44) by ($1.46). The firm had revenue of $362.00 million for the quarter, compared to analyst estimates of $395.56 million. Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. As a group, sell-side analysts expect that Pampa Energía will post 7.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAM. Quadrature Capital Ltd raised its position in shares of Pampa Energía by 219.6% in the 3rd quarter. Quadrature Capital Ltd now owns 56,662 shares of the utilities provider’s stock worth $2,114,000 after acquiring an additional 38,934 shares in the last quarter. Helikon Investments Ltd raised its position in shares of Pampa Energía by 44.7% in the 3rd quarter. Helikon Investments Ltd now owns 471,566 shares of the utilities provider’s stock worth $17,618,000 after acquiring an additional 145,702 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Pampa Energía by 62.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider’s stock worth $7,125,000 after acquiring an additional 55,187 shares in the last quarter. Dfpg Investments LLC raised its position in shares of Pampa Energía by 5.7% in the 4th quarter. Dfpg Investments LLC now owns 14,194 shares of the utilities provider’s stock worth $688,000 after acquiring an additional 767 shares in the last quarter. Finally, Claro Advisors LLC bought a new position in shares of Pampa Energía in the 4th quarter worth about $237,000. 12.77% of the stock is owned by institutional investors.

Pampa Energía Company Profile

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.