Pampa Energía (NYSE:PAM) Price Target Raised to $92.00

Pampa Energía (NYSE:PAM) had its price target upped by Citigroup from $88.00 to $92.00 in a research note published on Monday,Benzinga reports. They currently have 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 Tuesday, May 13th.

Pampa Energía Stock Performance

Shares of PAM stock opened at $81.58 on Monday. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 12.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The company has a 50-day simple moving average of $76.00 and a 200 day simple moving average of $80.81. Pampa Energía has a 52 week low of $38.58 and a 52 week high of $97.55.

Pampa Energía (NYSE:PAM) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, topping the consensus estimate of $1.92 by $0.89. The business had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, sell-side analysts predict that Pampa Energía will post 9.33 earnings per share for the current year.

Hedge Funds Weigh In On Pampa Energía

A number of institutional investors have recently added to or reduced their stakes in PAM. Diversify Wealth Management LLC increased its position in Pampa Energía by 19.7% in the 4th quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider’s stock valued at $1,716,000 after acquiring an additional 2,971 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Pampa Energía during the fourth quarter worth $282,000. PFG Investments LLC bought a new position in Pampa Energía during the fourth quarter worth $226,000. Blue Trust Inc. boosted its stake in Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 259 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in Pampa Energía during the fourth quarter worth $308,000. 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.