Pampa Energía (NYSE:PAM) Stock Price Up 5.2%

Shares of Pampa Energía S.A. (NYSE:PAM - Get Free Report) traded up 5.2% during trading on Friday . The company traded as high as $56.00 and last traded at $55.73. 21,760 shares changed hands during trading, a decline of 92% from the average session volume of 266,124 shares. The stock had previously closed at $53.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup upgraded shares of Pampa Energía from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. HSBC upgraded shares of Pampa Energía from a "reduce" rating to a "hold" rating and set a $46.00 price objective for the company in a research note on Tuesday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energía from $46.50 to $47.50 and gave the company a "neutral" rating in a research note on Tuesday, May 28th. Finally, StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.50.

Pampa Energía Stock Up 2.8 %

The business's fifty day moving average price is $47.38 and its 200 day moving average price is $45.45. The company has a quick ratio of 2.01, a current ratio of 2.33 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.97 billion, a PE ratio of 6.98 and a beta of 0.99.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating 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 business had revenue of $500.00 million during the quarter, compared to analysts' expectations of $479.17 million. On average, equities research analysts forecast that Pampa Energía S.A. will post 8.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

A number of hedge funds have recently added to or reduced their stakes in PAM. GAMMA Investing LLC acquired a new stake in Pampa Energía in the fourth quarter valued at about $41,000. Janney Montgomery Scott LLC lifted its position in Pampa Energía by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 268,322 shares of the utilities provider's stock valued at $13,287,000 after purchasing an additional 5,273 shares during the period. Financial Advocates Investment Management acquired a new stake in Pampa Energía in the fourth quarter valued at about $289,000. Helikon Investments Ltd lifted its position in shares of Pampa Energía by 32.0% during the 4th quarter. Helikon Investments Ltd now owns 622,566 shares of the utilities provider's stock valued at $30,829,000 after acquiring an additional 151,000 shares during the period. Finally, Banco BTG Pactual S.A. lifted its position in shares of Pampa Energía by 472.8% during the 4th quarter. Banco BTG Pactual S.A. now owns 41,410 shares of the utilities provider's stock valued at $2,015,000 after acquiring an additional 34,181 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energía 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.