Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pampa Energia (NYSE:PAM) from a sell rating to a hold rating in a report published on Saturday.

A number of other analysts have also recently commented on PAM. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a research report on Wednesday, October 8th. Zacks Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pampa Energia currently has a consensus rating of “Reduce” and a consensus price target of $92.75.

Pampa Energia Stock Down 5.5%

Shares of PAM stock opened at $60.10 on Friday. The stock has a 50 day moving average of $64.82 and a 200 day moving average of $70.98. The company has a current ratio of 2.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.28 billion, a P/E ratio of 7.41, a P/E/G ratio of 5.92 and a beta of 1.10. Pampa Energia has a twelve month low of $54.95 and a twelve month high of $97.55.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $2.35 by ($1.65). The company had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. As a group, sell-side analysts expect that Pampa Energia will post 9.33 EPS for the current year.

Institutional Trading of Pampa Energia

A number of institutional investors have recently made changes to their positions in the company. Marex Group plc acquired a new stake in shares of Pampa Energia in the second quarter worth approximately $1,449,000. MML Investors Services LLC acquired a new position in Pampa Energia during the second quarter worth $982,000. Cubist Systematic Strategies LLC boosted its stake in Pampa Energia by 30.7% during the second quarter. Cubist Systematic Strategies LLC now owns 58,577 shares of the utilities provider’s stock worth $4,064,000 after buying an additional 13,757 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Pampa Energia during the second quarter worth $2,768,000. Finally, Balyasny Asset Management L.P. boosted its stake in Pampa Energia by 11.6% during the second quarter. Balyasny Asset Management L.P. now owns 103,216 shares of the utilities provider’s stock worth $7,161,000 after buying an additional 10,703 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia 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.