Pampa Energía (NYSE:PAM) Downgraded by StockNews.com

StockNews.com cut shares of Pampa Energía (NYSE:PAM) from a buy rating to a hold rating in a research note published on Friday.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. upped their price objective on Pampa Energía from $46.50 to $47.50 and gave the stock a neutral rating in a report on Tuesday, May 28th. HSBC raised shares of Pampa Energía from a reduce rating to a hold rating and set a $46.00 price target on the stock in a research note on Tuesday, May 21st. Finally, Citigroup upgraded shares of Pampa Energía from a neutral rating to a buy rating and raised their price objective for the company from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $50.50.

Pampa Energía Stock Down 5.6 %

Shares of NYSE:PAM opened at $42.73 on Friday. Pampa Energía has a fifty-two week low of $32.91 and a fifty-two week high of $52.17. The company has a quick ratio of 2.26, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The firm’s 50-day simple moving average is $45.54 and its 200-day simple moving average is $44.97. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 5.47 and a beta of 0.99.

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 analysts’ consensus estimates of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The company had revenue of $401.00 million for the quarter, compared to analyst estimates of $419.61 million. As a group, equities research analysts predict that Pampa Energía will post 8.62 earnings per share for the current year.

Institutional Trading of Pampa Energía

Large investors have recently bought and sold shares of the company. Claro Advisors LLC boosted its position in shares of Pampa Energía by 6.0% in the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Pampa Energía in the fourth quarter valued at about $41,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Pampa Energía in the fourth quarter valued at approximately $44,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of Pampa Energía by 16.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,695 shares of the utilities provider’s stock worth $332,000 after purchasing an additional 963 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Pampa Energía by 144.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock worth $87,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energía 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.