Pampa Energía (NYSE:PAM) Shares Up 3.9% on Analyst Upgrade

Pampa Energía S.A. (NYSE:PAM)’s share price traded up 3.9% during trading on Monday after Citigroup raised their price target on the stock from $88.00 to $92.00. Citigroup currently has a neutral rating on the stock. Pampa Energía traded as high as $85.92 and last traded at $85.45. 31,003 shares traded hands during trading, a decline of 87% from the average session volume of 243,683 shares. The stock had previously closed at $82.27.

Separately, StockNews.com cut shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.88.

Institutional Investors Weigh In On Pampa Energía

Institutional investors and hedge funds have recently bought and sold shares of the business. ABS Direct Equity Fund LLC raised its holdings in Pampa Energía by 186.7% during the 4th quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock worth $1,513,000 after buying an additional 11,200 shares during the period. Verde Servicos Internacionais S.A. purchased a new position in shares of Pampa Energía in the fourth quarter worth approximately $308,000. DGS Capital Management LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth approximately $282,000. Diversify Wealth Management LLC increased its position in shares of Pampa Energía by 19.7% in the fourth quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider’s stock worth $1,716,000 after acquiring an additional 2,971 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Pampa Energía by 52.6% during the fourth quarter. Whittier Trust Co. now owns 22,986 shares of the utilities provider’s stock valued at $2,021,000 after acquiring an additional 7,924 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energía Price Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 13.10 and a beta of 1.16. The stock’s fifty day moving average price is $75.90 and its 200-day moving average price is $80.78.

Pampa Energía (NYSE:PAM) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.89. The company had revenue of $414.00 million for the quarter, compared to the consensus estimate of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. Equities research analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

About Pampa Energía

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.