Pampa Energia (NYSE:PAM) has been given a $52.00 target price by stock analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the utilities provider’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 51.16% from the company’s current price.

A number of other equities analysts also recently weighed in on PAM. Zacks Investment Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 20th. ValuEngine raised shares of Pampa Energia from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. HSBC assumed coverage on shares of Pampa Energia in a research note on Thursday, August 30th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Bank of America set a $55.00 price target on shares of Pampa Energia and gave the stock a “buy” rating in a research note on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.00.

NYSE:PAM opened at $34.40 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.33 and a debt-to-equity ratio of 4.87. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 9.69 and a beta of 0.95. Pampa Energia has a fifty-two week low of $24.93 and a fifty-two week high of $72.98.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Monday, August 13th. The utilities provider reported ($2.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.14) by ($1.70). The company had revenue of $882.57 million for the quarter. Pampa Energia had a negative return on equity of 22.51% and a negative net margin of 3.26%. On average, equities analysts predict that Pampa Energia will post -1.88 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of PAM. Hsbc Holdings PLC raised its stake in shares of Pampa Energia by 2,400.0% in the 3rd quarter. Hsbc Holdings PLC now owns 1,700,000 shares of the utilities provider’s stock valued at $52,785,000 after acquiring an additional 1,632,000 shares during the period. Serengeti Asset Management LP raised its stake in shares of Pampa Energia by 232.5% in the 2nd quarter. Serengeti Asset Management LP now owns 665,000 shares of the utilities provider’s stock valued at $23,787,000 after acquiring an additional 465,000 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Pampa Energia in the 2nd quarter valued at $16,603,000. City of London Investment Management Co. Ltd. purchased a new position in shares of Pampa Energia in the 3rd quarter valued at $12,511,000. Finally, Millennium Management LLC raised its stake in shares of Pampa Energia by 217.1% in the 2nd quarter. Millennium Management LLC now owns 422,010 shares of the utilities provider’s stock valued at $15,095,000 after acquiring an additional 288,946 shares during the period. 36.36% of the stock is currently owned by institutional investors and hedge funds.

About Pampa Energia

Pampa EnergĂ­a 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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Analyst Recommendations for Pampa Energia (NYSE:PAM)

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