JPMorgan Chase & Co. Issues Positive Forecast for Pampa Energía (NYSE:PAM) Stock Price

Pampa Energía (NYSE:PAM - Get Free Report) had its price target lifted by research analysts at JPMorgan Chase & Co. from $55.00 to $59.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 11.60% from the stock's current price.

A number of other brokerages have also issued reports on PAM. Bank of America lifted their target price on Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. StockNews.com lowered shares of Pampa Energía from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Citigroup raised shares of Pampa Energía from a "neutral" rating to a "buy" rating and raised their target price for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.75.

Pampa Energía Stock Up 0.5 %

Shares of Pampa Energía stock traded up $0.34 on Wednesday, hitting $66.74. The company had a trading volume of 143,877 shares, compared to its average volume of 259,407. The stock has a 50-day moving average of $60.14 and a 200-day moving average of $51.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01. Pampa Energía has a twelve month low of $32.91 and a twelve month high of $69.59. The firm has a market capitalization of $3.64 billion, a P/E ratio of 10.11 and a beta of 0.89.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Research analysts predict that Pampa Energía will post 8.91 earnings per share for the current year.

Hedge Funds Weigh In On Pampa Energía

Hedge funds and other institutional investors have recently made changes to their positions in the company. Helikon Investments Ltd grew its holdings in Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock worth $79,218,000 after purchasing an additional 784,407 shares during the period. Diversify Wealth Management LLC lifted its position in shares of Pampa Energía by 3.9% in the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider's stock valued at $1,006,000 after buying an additional 573 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pampa Energía by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock valued at $150,000 after buying an additional 526 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Pampa Energía by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 15,062 shares of the utilities provider's stock worth $904,000 after acquiring an additional 1,162 shares during the period. Finally, Glenorchy Capital Ltd increased its holdings in shares of Pampa Energía by 35.5% during the 3rd quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider's stock worth $4,516,000 after acquiring an additional 19,717 shares during the last quarter. 12.77% of the stock is owned by institutional investors.

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.