Pampa Energía (NYSE:PAM) Cut to "Hold" at StockNews.com

StockNews.com lowered shares of Pampa Energía (NYSE:PAM - Free Report) from a buy rating to a hold rating in a research report released on Wednesday morning.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Bank of America boosted 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. Finally, Citigroup cut Pampa Energía from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $63.00.

Pampa Energía Trading Up 2.8 %

Shares of PAM traded up $1.87 during midday trading on Wednesday, hitting $69.56. The stock had a trading volume of 415,998 shares, compared to its average volume of 258,788. Pampa Energía has a fifty-two week low of $32.91 and a fifty-two week high of $70.31. The business has a 50-day simple moving average of $61.69 and a two-hundred day simple moving average of $51.97. The firm has a market cap of $3.79 billion, a P/E ratio of 10.52 and a beta of 0.88. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.44. The business had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. As a group, equities analysts forecast that Pampa Energía will post 8.65 EPS for the current year.

Institutional Trading of Pampa Energía

Large investors have recently bought and sold shares of the business. Helikon Investments Ltd increased its holdings in Pampa Energía by 146.6% in 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 in the last quarter. Millennium Management LLC lifted its position in shares of Pampa Energía by 428.0% during the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock valued at $27,818,000 after buying an additional 509,487 shares during the last quarter. Glenorchy Capital Ltd lifted its holdings in 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 purchasing an additional 19,717 shares in the last quarter. Murchinson Ltd. purchased a new stake in shares of Pampa Energía in the 1st quarter valued at about $3,020,000. Finally, Ping Capital Management Inc. bought a new position in shares of Pampa Energía during the 2nd quarter valued at about $2,470,000. 12.77% of the stock is 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.