Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen

Pampa Energia (NYSE:PAM) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report issued on Saturday.

PAM has been the topic of a number of other research reports. Zacks Research lowered shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Finally, HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and increased their price target for the stock from $88.00 to $97.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.00.

Pampa Energia Trading Down 1.6%

Shares of NYSE PAM opened at $80.96 on Friday. Pampa Energia has a 52 week low of $54.95 and a 52 week high of $94.50. The business’s 50 day moving average price is $82.29 and its 200 day moving average price is $78.24. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $2.35. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. The company had revenue of $96.00 million during the quarter, compared to analyst estimates of $737.30 billion. On average, equities analysts predict that Pampa Energia will post 9.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Large investors have recently made changes to their positions in the company. Millennium Management LLC boosted its holdings in Pampa Energia by 85.4% during the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after buying an additional 74,841 shares in the last quarter. Jane Street Group LLC increased its holdings in Pampa Energia by 44.1% in the first quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after buying an additional 6,005 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Pampa Energia by 18.2% in the second quarter. Envestnet Asset Management Inc. now owns 30,306 shares of the utilities provider’s stock worth $2,103,000 after acquiring an additional 4,659 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of Pampa Energia by 42.4% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock worth $21,104,000 after acquiring an additional 90,500 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of Pampa Energia by 6.8% during the 2nd quarter. Personal CFO Solutions LLC now owns 4,335 shares of the utilities provider’s stock worth $301,000 after acquiring an additional 276 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.