Pampa Energía S.A. (NYSE:PAM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Pampa Energía S.A. (NYSE:PAM) has been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $50.50.

Several brokerages have commented on PAM. HSBC upgraded Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target for the company in a research note on Tuesday, May 21st. JPMorgan Chase & Co. upped their price target on Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and upped their target price for the stock from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Finally, StockNews.com downgraded Pampa Energía from a “buy” rating to a “hold” rating in a research report on Friday.

Institutional Investors Weigh In On Pampa Energía

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Pampa Energía by 16.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,695 shares of the utilities provider’s stock valued at $332,000 after purchasing an additional 963 shares during the last quarter. Claro Advisors LLC purchased a new position in Pampa Energía in the fourth quarter valued at about $237,000. Stratos Wealth Partners LTD. purchased a new position in Pampa Energía in the fourth quarter valued at about $322,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Pampa Energía by 62.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider’s stock worth $7,125,000 after buying an additional 55,187 shares during the last quarter. Finally, Outlook Wealth Advisors LLC bought a new position in Pampa Energía during the 4th quarter worth approximately $255,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Pampa Energía stock opened at $45.28 on Friday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 5.80 and a beta of 0.99. The company has a current ratio of 2.63, a quick ratio of 2.26 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $45.58 and a 200 day moving average price of $45.02. Pampa Energía has a 52 week low of $32.91 and a 52 week high of $52.17.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $4.90 EPS for the quarter, topping the consensus estimate of $1.38 by $3.52. The company had revenue of $401.00 million during the quarter, compared to analyst estimates of $419.61 million. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. Equities research analysts anticipate that Pampa Energía will post 8.62 earnings per share for the current year.

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.