Pampa Energia S.A. (PAM) Receives $49.00 Average Price Target from Analysts

Shares of Pampa Energia S.A. (NYSE:PAM) have received a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $49.00.

PAM has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Pampa Energia from a “sell” rating to a “hold” rating in a report on Tuesday, December 4th. ValuEngine cut shares of Pampa Energia from a “buy” rating to a “hold” rating in a report on Friday, January 25th.

Shares of NYSE PAM traded down $0.88 during midday trading on Tuesday, reaching $27.60. The company had a trading volume of 496,300 shares, compared to its average volume of 357,088. The stock has a market cap of $2.10 billion, a P/E ratio of 7.77 and a beta of 0.77. Pampa Energia has a 1 year low of $24.93 and a 1 year high of $62.20. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02.

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Pampa Energia in the fourth quarter worth $69,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Pampa Energia in the fourth quarter worth $106,000. Barclays PLC acquired a new stake in shares of Pampa Energia in the fourth quarter worth $124,000. Progeny 3 Inc. increased its stake in shares of Pampa Energia by 997.0% in the third quarter. Progeny 3 Inc. now owns 14,480 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 13,160 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Pampa Energia in the fourth quarter worth $481,000. Hedge funds and other institutional investors own 34.35% of the company’s stock.

Pampa Energia Company Profile

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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