Pampa Energia (NYSE:PAM) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Pampa Energia (NYSE:PAM) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Pampa Energía S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina. “

Other analysts also recently issued research reports about the stock. HSBC downgraded shares of Pampa Energia from a buy rating to a hold rating in a research report on Tuesday, October 22nd. Citigroup raised shares of Pampa Energia from a neutral rating to a buy rating and dropped their target price for the stock from $40.30 to $24.30 in a research report on Thursday, October 3rd. Morgan Stanley downgraded shares of Pampa Energia from an overweight rating to an equal weight rating in a research report on Monday, August 12th. ValuEngine raised shares of Pampa Energia from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Finally, Bank of America downgraded shares of Pampa Energia from a buy rating to a neutral rating and lowered their price objective for the company from $52.50 to $33.00 in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $24.10.

PAM traded up $0.43 on Thursday, reaching $13.11. 732,117 shares of the company’s stock were exchanged, compared to its average volume of 754,231. The company’s 50 day moving average is $15.99 and its 200-day moving average is $23.03. The company has a market cap of $868.52 million, a price-to-earnings ratio of -8.57, a PEG ratio of 0.15 and a beta of 0.98. Pampa Energia has a twelve month low of $12.01 and a twelve month high of $39.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.09 and a current ratio of 1.59.

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its position in Pampa Energia by 12.1% in the third quarter. SG Americas Securities LLC now owns 69,830 shares of the utilities provider’s stock valued at $1,212,000 after acquiring an additional 7,545 shares in the last quarter. Teacher Retirement System of Texas grew its position in Pampa Energia by 569.5% in the third quarter. Teacher Retirement System of Texas now owns 66,217 shares of the utilities provider’s stock valued at $1,150,000 after acquiring an additional 56,327 shares in the last quarter. Great West Life Assurance Co. Can grew its position in Pampa Energia by 10.2% in the third quarter. Great West Life Assurance Co. Can now owns 40,972 shares of the utilities provider’s stock valued at $711,000 after acquiring an additional 3,800 shares in the last quarter. Deltec Asset Management LLC grew its position in Pampa Energia by 2.5% in the third quarter. Deltec Asset Management LLC now owns 62,486 shares of the utilities provider’s stock valued at $1,085,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Pampa Energia during the second quarter worth approximately $309,000. 41.97% of the stock is owned by institutional investors.

Pampa Energia Company Profile

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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