Pampa Energía S.A. (NYSE:PAM) Receives $50.50 Average PT from Analysts

Shares of Pampa Energía S.A. (NYSE:PAM) have been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $50.50.

Several equities analysts have recently commented on the company. StockNews.com lowered Pampa Energía from a “buy” rating to a “hold” rating in a research note on Friday. HSBC upgraded Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target on the stock in a research note on Tuesday, May 21st. Citigroup upgraded Pampa Energía from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research note on Tuesday, May 28th.

Institutional Investors Weigh In On Pampa Energía

A number of large investors have recently modified their holdings of PAM. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pampa Energía by 16.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,695 shares of the utilities provider’s stock worth $332,000 after acquiring an additional 963 shares during the last quarter. Claro Advisors LLC purchased a new stake in shares of Pampa Energía during the fourth quarter worth about $237,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Pampa Energía during the fourth quarter worth about $322,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pampa Energía by 62.2% during the fourth 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. Finally, Outlook Wealth Advisors LLC purchased a new stake in shares of Pampa Energía during the fourth quarter worth about $255,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía Stock Performance

Shares of Pampa Energía stock opened at $45.28 on Friday. The firm has a market cap of $2.47 billion, a P/E ratio of 5.80 and a beta of 0.99. The company has a current ratio of 2.63, a quick ratio of 2.26 and a debt-to-equity ratio of 0.45. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $52.17. The stock’s fifty day moving average price is $45.58 and its 200-day moving average price is $45.02.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $4.90 EPS for the quarter, beating the consensus estimate of $1.38 by $3.52. The firm had revenue of $401.00 million for the quarter, compared to analyst estimates of $419.61 million. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. On average, equities research analysts expect that Pampa Energía will post 8.62 earnings per share for the current fiscal year.

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.