Pampa Energia (NYSE:PAM) Stock Rating Upgraded by HSBC

Pampa Energia (NYSE:PAM) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $97.00 price target on the utilities provider’s stock. HSBC’s target price would indicate a potential upside of 14.60% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Zacks Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Pampa Energia currently has a consensus rating of “Hold” and a consensus target price of $105.00.

Pampa Energia Trading Up 2.1%

Shares of NYSE:PAM opened at $84.64 on Thursday. The firm has a fifty day moving average of $82.56 and a two-hundred day moving average of $78.11. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $94.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.11 and a quick ratio of 2.75.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Monday, March 2nd. The utilities provider reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $2.35. The firm had revenue of $96.00 million for the quarter, compared to the consensus estimate of $737.30 billion. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. Equities analysts predict that Pampa Energia will post 9.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAM. Hsbc Holdings PLC raised its holdings in Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock worth $4,058,000 after acquiring an additional 20,438 shares during the period. DGS Capital Management LLC bought a new stake in Pampa Energia during the fourth quarter valued at about $234,000. Invesco Ltd. acquired a new stake in shares of Pampa Energia in the fourth quarter valued at about $9,736,000. Vident Advisory LLC bought a new position in shares of Pampa Energia in the fourth quarter worth about $444,000. Finally, PointState Capital LP bought a new position in shares of Pampa Energia in the fourth quarter worth about $24,006,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.