Pampa Energia S.A. (NYSE:PAM) Given Average Rating of “Hold” by Brokerages

Shares of Pampa Energia S.A. (NYSE:PAM) have been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.08.

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Pampa Energia from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $16.00 in a research note on Thursday, December 19th. Citigroup raised Pampa Energia from a “neutral” rating to a “buy” rating and cut their price objective for the company from $40.30 to $24.30 in a research note on Thursday, October 3rd. ValuEngine raised Pampa Energia from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Zacks Investment Research upgraded Pampa Energia from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, November 15th. Finally, HSBC cut Pampa Energia from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd.

NYSE:PAM traded up $0.75 during trading hours on Monday, reaching $14.95. The company’s stock had a trading volume of 515,707 shares, compared to its average volume of 401,841. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.42. The company has a market cap of $955.46 million, a price-to-earnings ratio of 1.64, a price-to-earnings-growth ratio of 0.23 and a beta of 0.95. Pampa Energia has a one year low of $12.01 and a one year high of $39.89. The business’s 50-day moving average is $15.08 and its 200-day moving average is $19.26.

Pampa Energia (NYSE:PAM) last posted its earnings results on Monday, November 11th. The utilities provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.06) by $3.69. Pampa Energia had a return on equity of 26.37% and a net margin of 30.08%. The company had revenue of $579.00 million for the quarter, compared to analyst estimates of $855.65 million. On average, sell-side analysts predict that Pampa Energia will post 8.72 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in PAM. BlackRock Inc. increased its stake in shares of Pampa Energia by 197.0% in the second quarter. BlackRock Inc. now owns 3,615,187 shares of the utilities provider’s stock worth $125,339,000 after purchasing an additional 2,397,908 shares during the period. Vanguard Group Inc. bought a new stake in Pampa Energia during the 2nd quarter valued at approximately $10,492,000. Northern Trust Corp grew its holdings in Pampa Energia by 299.4% in the 2nd quarter. Northern Trust Corp now owns 379,550 shares of the utilities provider’s stock valued at $13,159,000 after buying an additional 284,521 shares during the last quarter. Bank of America Corp DE grew its holdings in Pampa Energia by 896.7% in the 2nd quarter. Bank of America Corp DE now owns 190,937 shares of the utilities provider’s stock valued at $6,620,000 after buying an additional 171,780 shares during the last quarter. Finally, Marathon Asset Management LP acquired a new stake in Pampa Energia in the 3rd quarter valued at approximately $2,604,000. Institutional investors own 28.49% of the company’s stock.

Pampa Energia Company Profile

Pampa EnergĂ­a 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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Analyst Recommendations for Pampa Energia (NYSE:PAM)

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