Pampa Energía (PAM) Scheduled to Post Quarterly Earnings on Wednesday

Pampa Energía (NYSE:PAM) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $1.51 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, beating the consensus estimate of $1.38 by $3.52. The business had revenue of $401.00 million for the quarter, compared to analyst estimates of $419.61 million. Pampa Energía had a net margin of 25.16% and a return on equity of 14.99%. On average, analysts expect Pampa Energía to post $9 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Pampa Energía Trading Up 1.8 %

Shares of Pampa Energía stock traded up $0.81 on Wednesday, hitting $44.81. 1,109 shares of the company’s stock traded hands, compared to its average volume of 270,374. The stock has a market capitalization of $2.44 billion, a PE ratio of 5.63 and a beta of 0.99. Pampa Energía has a one year low of $32.91 and a one year high of $52.17. The firm’s 50-day moving average price is $45.58 and its two-hundred day moving average price is $45.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 2.26.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. StockNews.com downgraded Pampa Energía from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Citigroup upgraded Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, HSBC raised Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price for the company in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pampa Energía currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

About Pampa Energía

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.