Pampa Energía (NYSE:PAM) Cut to Neutral at Citigroup

Citigroup downgraded shares of Pampa Energía (NYSE:PAM - Free Report) from a buy rating to a neutral rating in a research report report published on Friday, Marketbeat Ratings reports. The brokerage currently has $75.00 price target on the utilities provider's stock, up from their prior price target of $58.00.

PAM has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a "neutral" rating in a report on Wednesday. StockNews.com cut Pampa Energía from a "buy" rating to a "hold" rating in a report on Monday. Finally, Bank of America increased their price objective on Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $63.00.

Pampa Energía Stock Performance

Shares of NYSE:PAM traded down $0.85 during trading on Friday, reaching $66.08. 189,537 shares of the company's stock traded hands, compared to its average volume of 258,562. The stock has a market capitalization of $3.60 billion, a P/E ratio of 10.01 and a beta of 0.89. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $69.59. The company has a 50 day moving average of $60.77 and a 200-day moving average of $51.33. 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 (NYSE:PAM - Get Free Report) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. On average, equities analysts expect that Pampa Energía will post 8.91 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

A number of institutional investors have recently added to or reduced their stakes in PAM. Helikon Investments Ltd grew its stake in shares of Pampa Energía by 146.6% in the 3rd 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 last quarter. Millennium Management LLC grew its position in Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock worth $27,818,000 after buying an additional 509,487 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Pampa Energía by 5.2% in the first quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider's stock valued at $12,172,000 after buying an additional 13,834 shares in the last quarter. Glenorchy Capital Ltd lifted its position 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 valued at $4,516,000 after acquiring an additional 19,717 shares during the last quarter. Finally, Murchinson Ltd. bought a new stake in shares of Pampa Energía during the 1st quarter worth $3,020,000. 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.