Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen upgraded shares of Pampa Energia (NYSE:PAM – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Saturday morning.
Several other equities research analysts have also recently weighed in on the company. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Zacks Research downgraded Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $105.00.
Check Out Our Latest Analysis on Pampa Energia
Pampa Energia Stock Down 0.9%
Shares of NYSE PAM opened at $80.27 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.47 and a beta of 1.16. The stock has a 50 day moving average price of $82.13 and a 200 day moving average price of $78.49. Pampa Energia has a 52-week low of $54.95 and a 52-week high of $94.50.
Pampa Energia (NYSE:PAM – Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The utilities provider reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $2.35. The company had revenue of $96.00 million for the quarter, compared to analysts’ expectations of $737.30 billion. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. Sell-side analysts expect that Pampa Energia will post 9.33 earnings per share for the current year.
Institutional Trading of Pampa Energia
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia in the 2nd quarter valued at $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia in the 4th quarter worth $104,000. Van ECK Associates Corp purchased a new stake in shares of Pampa Energia during the 3rd quarter worth $139,000. Arete Wealth Advisors LLC purchased a new stake in shares of Pampa Energia during the 4th quarter worth $212,000. Finally, DGS Capital Management LLC bought a new stake in Pampa Energia during the fourth quarter valued at about $234,000. Institutional investors own 12.77% of the company’s stock.
Pampa Energia Company Profile
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.