Pampa Energía (NYSE:PAM) Trading 3.9% Higher After Analyst Upgrade

Shares of Pampa Energía S.A. (NYSE:PAM) rose 3.9% during trading on Monday after Citigroup raised their price target on the stock from $88.00 to $92.00. Citigroup currently has a neutral rating on the stock. Pampa Energía traded as high as $85.92 and last traded at $85.45. Approximately 31,003 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 243,683 shares. The stock had previously closed at $82.27.

Separately, StockNews.com lowered shares of Pampa Energía from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Pampa Energía has an average rating of “Hold” and a consensus target price of $75.88.

Institutional Investors Weigh In On Pampa Energía

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares in the last quarter. Advisors Preferred LLC bought a new position in Pampa Energía during the fourth quarter worth $26,000. LPL Financial LLC grew its stake in Pampa Energía by 8.2% in the 4th quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider’s stock valued at $341,000 after buying an additional 293 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Pampa Energía by 2.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider’s stock valued at $1,127,000 after purchasing an additional 344 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Pampa Energía by 0.6% during the 4th quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider’s stock worth $7,038,000 after buying an additional 473 shares during the period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energía Trading Down 0.8%

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The business’s 50-day moving average is $76.02 and its 200 day moving average is $80.81. The firm has a market capitalization of $4.60 billion, a P/E ratio of 12.98 and a beta of 1.16.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, beating the consensus estimate of $1.92 by $0.89. The business had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. As a group, analysts anticipate that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

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.