Pampa Energía (NYSE:PAM) Raised to “Hold” at HSBC

Pampa Energía (NYSE:PAM) was upgraded by stock analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat reports. The firm presently has a $46.00 target price on the utilities provider’s stock. HSBC’s target price would indicate a potential upside of 2.18% from the stock’s current price.

Other research analysts also recently issued reports about the company. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Citigroup reduced their target price on shares of Pampa Energía from $55.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pampa Energía currently has an average rating of “Hold” and an average price target of $46.67.

Pampa Energía Stock Performance

Shares of PAM stock opened at $45.02 on Tuesday. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 0.44 and a beta of 0.98. The company’s 50-day simple moving average is $44.91 and its 200-day simple moving average is $44.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.26 and a current ratio of 2.63. Pampa Energía has a one year low of $32.91 and a one year high of $52.17.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). Pampa Energía had a net margin of 25.16% and a return on equity of 14.99%. The business had revenue of $362.00 million for the quarter, compared to the consensus estimate of $395.56 million. Equities analysts anticipate that Pampa Energía will post 7.63 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Helikon Investments Ltd grew its holdings in Pampa Energía by 20.2% during the first quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock worth $32,272,000 after acquiring an additional 125,519 shares during the period. PointState Capital LP grew its position in Pampa Energía by 37.6% in the third quarter. PointState Capital LP now owns 672,570 shares of the utilities provider’s stock worth $25,127,000 after buying an additional 183,650 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Pampa Energía by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock valued at $12,172,000 after acquiring an additional 13,834 shares during the last quarter. TT International Asset Management LTD bought a new stake in shares of Pampa Energía during the 4th quarter worth $7,675,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Pampa Energía by 62.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider’s stock worth $7,125,000 after acquiring an additional 55,187 shares during the last quarter. 12.77% of the stock is currently 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.