Pampa Energía (NYSE:PAM) Rating Increased to Buy at Citigroup

Pampa Energía (NYSE:PAM) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm presently has a $58.00 target price on the utilities provider’s stock, up from their prior target price of $51.00. Citigroup’s price objective suggests a potential upside of 34.07% from the stock’s previous close.

Several other research firms also recently commented on PAM. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price objective for the company in a report on Tuesday, May 21st. 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 note on Tuesday, May 28th. Finally, StockNews.com downgraded Pampa Energía from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pampa Energía has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Pampa Energía Stock Performance

NYSE PAM opened at $43.26 on Wednesday. The company has a quick ratio of 2.26, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. Pampa Energía has a twelve month low of $32.91 and a twelve month high of $52.17. The business has a 50-day moving average price of $46.06 and a 200-day moving average price of $45.45. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 5.54 and a beta of 0.99.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, topping the consensus estimate of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The business had revenue of $401.00 million during the quarter, compared to the consensus estimate of $419.61 million. As a group, equities research analysts predict that Pampa Energía will post 7.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Large investors have recently added to or reduced their stakes in the stock. Dfpg Investments LLC boosted its stake in Pampa Energía by 5.7% during the fourth quarter. Dfpg Investments LLC now owns 14,194 shares of the utilities provider’s stock worth $688,000 after buying an additional 767 shares during the period. Marshall Financial Group LLC grew its stake in shares of Pampa Energía by 4.6% during the fourth quarter. Marshall Financial Group LLC now owns 20,866 shares of the utilities provider’s stock valued at $1,033,000 after buying an additional 925 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of Pampa Energía by 13.4% during the 4th quarter. Whittier Trust Co. now owns 17,670 shares of the utilities provider’s stock worth $875,000 after acquiring an additional 2,087 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Pampa Energía during the 4th quarter valued at $99,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Pampa Energía by 16.8% in the fourth 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 during the period. 12.77% of the stock is owned by institutional investors.

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.