Pampa Energía (NYSE:PAM) Price Target Raised to $93.50 at JPMorgan Chase & Co.

Pampa Energía (NYSE:PAM) had its price target raised by investment analysts at JPMorgan Chase & Co. from $59.00 to $93.50 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 1.28% from the company’s current price.

A number of other equities research analysts have also recently issued reports on PAM. Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Stock Up 2.2 %

PAM opened at $94.71 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $84.33 and its 200 day simple moving average is $64.95. Pampa Energía has a 1-year low of $38.15 and a 1-year high of $97.55. The stock has a market cap of $5.17 billion, a PE ratio of 14.57 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $517.71 million. During the same quarter last year, the company posted $2.80 EPS. As a group, research analysts expect that Pampa Energía will post 8.65 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after buying an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía during the 2nd quarter worth $37,000. GAMMA Investing LLC raised its holdings in Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 345 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Pampa Energía by 89.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 1,059 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 526 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

About Pampa Energía

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.