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

Pampa Energía (NYSE:PAM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

Other analysts have also recently issued research reports about the company. Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and upped their price target for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Bank of America increased their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Pampa Energía Stock Performance

PAM opened at $76.39 on Thursday. The company’s 50 day moving average is $64.48 and its 200 day moving average is $53.41. The company has a current ratio of 2.39, a quick ratio of 2.11 and a debt-to-equity ratio of 0.44. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 11.75 and a beta of 0.88. Pampa Energía has a 12-month low of $35.19 and a 12-month high of $78.72.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.95. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.38%. During the same quarter last year, the company posted $2.80 EPS. On average, equities research analysts predict that Pampa Energía will post 8.65 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in Pampa Energía by 93.8% during the 1st quarter. BNP Paribas Financial Markets now owns 17,805 shares of the utilities provider’s stock valued at $768,000 after buying an additional 8,620 shares during the period. SG Americas Securities LLC bought a new position in shares of Pampa Energía during the first quarter valued at approximately $108,000. Headlands Technologies LLC purchased a new position in shares of Pampa Energía in the 1st quarter valued at $69,000. Murchinson Ltd. bought a new position in Pampa Energía in the first quarter worth about $3,020,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Pampa Energía during the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors 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.