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 equities researchers at JPMorgan Chase & Co. from $59.00 to $93.50 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s target price would indicate a potential downside of 1.28% from the company's previous close.

Several other analysts also recently weighed in on the company. Citigroup downgraded Pampa Energía from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $58.00 to $75.00 in a report on Friday, November 1st. StockNews.com raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Pampa Energía currently has a consensus rating of "Hold" and an average price target of $71.63.

Pampa Energía Trading Up 2.2 %

Pampa Energía stock traded up $2.03 during trading hours on Friday, hitting $94.71. The company had a trading volume of 269,827 shares, compared to its average volume of 317,938. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The firm has a market cap of $5.17 billion, a P/E ratio of 14.57 and a beta of 0.94. The company has a 50-day moving average price of $83.75 and a two-hundred day moving average price of $64.46. Pampa Energía has a 1 year low of $38.15 and a 1 year high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.95. The firm had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter in the previous year, the business earned $2.80 earnings per share. On average, sell-side analysts anticipate that Pampa Energía will post 8.65 earnings per share 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 the stock. Helikon Investments Ltd lifted its position in shares of Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock valued at $79,218,000 after buying an additional 784,407 shares during the last quarter. Millennium Management LLC raised its stake 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 worth $27,818,000 after acquiring an additional 509,487 shares in the last quarter. TT International Asset Management LTD lifted its position in Pampa Energía by 797.4% during the third quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider's stock valued at $20,646,000 after acquiring an additional 305,559 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after acquiring an additional 45,409 shares during the last quarter. Finally, Fourth Sail Capital LP acquired a new stake in Pampa Energía in the third quarter valued at approximately $8,552,000. Institutional investors 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.