Pampa Energía (NYSE:PAM) Price Target Cut to $51.00 by Analysts at Citigroup

Pampa Energía (NYSE:PAM) had its target price lowered by Citigroup from $55.00 to $51.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

Separately, StockNews.com downgraded shares of Pampa Energía from a buy rating to a hold rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $41.33.

Pampa Energía Price Performance

Shares of NYSE PAM opened at $41.97 on Wednesday. The firm has a market cap of $2.29 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The business’s 50 day moving average is $42.71 and its 200-day moving average is $43.67. The company has a current ratio of 2.56, a quick ratio of 2.16 and a debt-to-equity ratio of 0.51. Pampa Energía has a 1-year low of $32.10 and a 1-year high of $52.17.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.44) by ($1.46). The firm had revenue of $362.00 million for the quarter, compared to the consensus estimate of $395.56 million. Pampa Energía had a return on equity of 10.84% and a net margin of 17.45%. Equities research analysts predict that Pampa Energía will post 7.02 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energía

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Pampa Energía during the 4th quarter worth approximately $41,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Pampa Energía in the 4th quarter valued at $44,000. Tower Research Capital LLC TRC increased its stake in shares of Pampa Energía by 295.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,186 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 886 shares during the last quarter. UBS Group AG increased its stake in shares of Pampa Energía by 106.0% in the 3rd quarter. UBS Group AG now owns 3,757 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Pampa Energía during the 2nd quarter worth $87,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.