Pampa Energía (NYSE:PAM) Downgraded to Hold Rating by StockNews.com

Pampa Energía (NYSE:PAM) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other analysts have also issued reports about the stock. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.00.

Pampa Energía Stock Performance

Shares of PAM stock opened at $67.57 on Wednesday. The company has a 50 day moving average price of $61.69 and a 200-day moving average price of $51.97. Pampa Energía has a 52 week low of $32.91 and a 52 week high of $69.59. The firm has a market capitalization of $3.69 billion, a PE ratio of 10.24 and a beta of 0.88. The company has a quick ratio of 2.01, a current ratio of 2.33 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. As a group, equities research analysts expect that Pampa Energía will post 8.65 earnings per share for the current year.

Hedge Funds Weigh In On Pampa Energía

Several large investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd lifted its holdings in shares of Pampa Energía by 146.6% in the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock worth $79,218,000 after buying an additional 784,407 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after buying an additional 509,487 shares in the last quarter. Murchinson Ltd. purchased a new position in shares of Pampa Energía in the first quarter worth $3,020,000. Ping Capital Management Inc. purchased a new position in shares of Pampa Energía in the second quarter worth $2,470,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Pampa Energía in the second quarter worth $950,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.