Pampa Energia (NYSE:PAM) Raised to “Hold” at Wall Street Zen

Pampa Energia (NYSE:PAM) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

PAM has been the topic of several other research reports. Zacks Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $92.75.

Pampa Energia Trading Down 2.0%

NYSE:PAM opened at $63.51 on Friday. The company has a current ratio of 2.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.39. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $97.55. The stock has a fifty day simple moving average of $65.13 and a 200 day simple moving average of $71.04.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.35 by ($1.65). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The company had revenue of $486.00 million during the quarter, compared to analyst estimates of $632.05 million. Equities analysts predict that Pampa Energia will post 9.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pampa Energia

Several institutional investors have recently made changes to their positions in PAM. Deltec Asset Management LLC acquired a new stake in shares of Pampa Energia during the 1st quarter valued at about $232,000. TT International Asset Management LTD lifted its holdings in shares of Pampa Energia by 9.4% during the 1st quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider’s stock valued at $101,868,000 after buying an additional 112,934 shares during the last quarter. Shilanski & Associates Inc. acquired a new stake in shares of Pampa Energia during the 1st quarter valued at about $328,000. Diversify Wealth Management LLC lifted its holdings in shares of Pampa Energia by 12.3% during the 1st quarter. Diversify Wealth Management LLC now owns 20,296 shares of the utilities provider’s stock valued at $1,492,000 after buying an additional 2,215 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pampa Energia by 19.1% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 7,044 shares of the utilities provider’s stock valued at $544,000 after buying an additional 1,129 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energia Company Profile

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.