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

StockNews.com downgraded shares of Pampa Energía (NYSE:PAM) from a buy rating to a hold rating in a research note published on Monday morning.

Pampa Energía Stock Down 1.2 %

NYSE PAM opened at $46.04 on Monday. Pampa Energía has a twelve month low of $32.10 and a twelve month high of $52.17. The stock has a market cap of $2.51 billion, a PE ratio of 8.42, a PEG ratio of 0.45 and a beta of 0.95. The firm has a 50-day simple moving average of $43.18 and a 200 day simple moving average of $43.43. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.16 and a current ratio of 2.56.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.44) by ($1.46). Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. The firm had revenue of $362.00 million during the quarter, compared to analyst estimates of $395.56 million. On average, research analysts forecast that Pampa Energía will post 7.02 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

Several institutional investors and hedge funds have recently bought and sold shares of PAM. PointState Capital LP lifted its holdings in shares of Pampa Energía by 37.6% during the 3rd quarter. PointState Capital LP now owns 672,570 shares of the utilities provider’s stock worth $25,127,000 after acquiring an additional 183,650 shares during the period. Helikon Investments Ltd lifted its stake in Pampa Energía by 32.0% during the fourth quarter. Helikon Investments Ltd now owns 622,566 shares of the utilities provider’s stock worth $30,829,000 after purchasing an additional 151,000 shares during the period. Citigroup Inc. boosted its holdings in Pampa Energía by 28.3% during the third quarter. Citigroup Inc. now owns 465,181 shares of the utilities provider’s stock valued at $17,379,000 after purchasing an additional 102,677 shares in the last quarter. Morgan Stanley grew its stake in shares of Pampa Energía by 174.2% in the 4th quarter. Morgan Stanley now owns 400,081 shares of the utilities provider’s stock valued at $12,779,000 after purchasing an additional 254,193 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Pampa Energía by 2,210.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 314,905 shares of the utilities provider’s stock valued at $959,000 after purchasing an additional 301,278 shares during the period. 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.