Pampa Energía (NYSE:PAM) Lifted to Buy at StockNews.com

Pampa Energía (NYSE:PAM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

PAM has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, HSBC upgraded shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price on the stock in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Pampa Energía Stock Up 1.6 %

NYSE PAM traded up $0.84 during trading on Monday, hitting $51.83. The stock had a trading volume of 282,819 shares, compared to its average volume of 276,780. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $52.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.26 and a current ratio of 2.63. The company’s 50-day moving average price is $45.39 and its two-hundred day moving average price is $44.92. The company has a market capitalization of $2.83 billion, a PE ratio of 6.64 and a beta of 0.99.

Institutional Investors Weigh In On Pampa Energía

A number of large investors have recently modified their holdings of PAM. Ashton Thomas Private Wealth LLC acquired a new position in Pampa Energía in the 2nd quarter worth about $37,000. Ping Capital Management Inc. acquired a new position in shares of Pampa Energía in the second quarter valued at approximately $2,470,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Pampa Energía by 144.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,166 shares during the last quarter. Whittier Trust Co. boosted its position in Pampa Energía by 10.4% during the 2nd quarter. Whittier Trust Co. now owns 13,900 shares of the utilities provider’s stock worth $615,000 after buying an additional 1,312 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in Pampa Energía during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.