Pampa Energía (NYSE:PAM) Raised to "Buy" at StockNews.com

Pampa Energía (NYSE:PAM - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Thursday.

Other equities research analysts have also issued reports about the stock. Citigroup lowered shares of 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 research report on Friday, November 1st. Bank of America upped their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Pampa Energía presently has a consensus rating of "Hold" and a consensus target price of $63.00.

Pampa Energía Stock Performance

NYSE:PAM traded up $1.87 during midday trading on Thursday, reaching $75.84. The stock had a trading volume of 439,353 shares, compared to its average volume of 262,038. Pampa Energía has a 12-month low of $35.19 and a 12-month high of $76.31. The company has a quick ratio of 2.11, a current ratio of 2.39 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $64.08 and a two-hundred day simple moving average of $53.19. The stock has a market cap of $4.14 billion, a P/E ratio of 11.67 and a beta of 0.88.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.38%. The business had revenue of $540.00 million for the quarter, compared to analysts' expectations of $517.71 million. During the same period in the prior year, the company posted $2.80 EPS. On average, equities analysts expect that Pampa Energía will post 8.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Helikon Investments Ltd increased its position in Pampa Energía by 146.6% during 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 in the last quarter. Millennium Management LLC increased its position in 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 purchasing an additional 509,487 shares in the last quarter. Fourth Sail Capital LP acquired a new stake in Pampa Energía in the third quarter valued at approximately $8,552,000. Murchinson Ltd. acquired a new stake in Pampa Energía in the first quarter valued at approximately $3,020,000. Finally, Ping Capital Management Inc. acquired a new stake in Pampa Energía in the second quarter valued at approximately $2,470,000. 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.