Pampa Energía S.A. (NYSE:PAM) Given Consensus Rating of “Moderate Buy” by Brokerages

Pampa Energía S.A. (NYSE:PAM) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $50.50.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Pampa Energía from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target on the stock in a research note on Tuesday, May 21st. Finally, Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd.

Pampa Energía Stock Performance

NYSE:PAM opened at $44.00 on Friday. The firm has a 50 day simple moving average of $45.58 and a 200-day simple moving average of $45.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 2.26. The firm has a market cap of $2.40 billion, a PE ratio of 5.63 and a beta of 0.99. Pampa Energía has a 1-year low of $32.91 and a 1-year high of $52.17.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $3.52. The business had revenue of $401.00 million during the quarter, compared to analyst estimates of $419.61 million. Pampa Energía had a net margin of 25.16% and a return on equity of 14.99%. On average, equities analysts expect that Pampa Energía will post 7.9 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

A number of hedge funds have recently made changes to their positions in the business. Helikon Investments Ltd raised its stake in shares of Pampa Energía by 20.2% in the 1st quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock valued at $32,272,000 after acquiring an additional 125,519 shares during the period. Janney Montgomery Scott LLC grew its holdings in Pampa Energía by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock valued at $12,172,000 after purchasing an additional 13,834 shares in the last quarter. TT International Asset Management LTD acquired a new stake in Pampa Energía during the 4th quarter valued at $7,675,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Pampa Energía by 62.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider’s stock valued at $7,125,000 after purchasing an additional 55,187 shares in the last quarter. Finally, Murchinson Ltd. acquired a new stake in Pampa Energía during the 1st quarter valued at $3,020,000. Hedge funds and other 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.