Pampa Energía S.A. (NYSE:PAM) Receives $50.50 Average PT from Brokerages

Shares of Pampa Energía S.A. (NYSE:PAM) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $55.88.

Several brokerages have recently weighed in on PAM. Citigroup upgraded Pampa Energía from a “neutral” rating to a “buy” rating and upped their price target for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Bank of America increased their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. HSBC upgraded shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target for the company in a research report on Tuesday, May 21st. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th.

Pampa Energía Stock Down 0.3 %

Pampa Energía stock opened at $58.59 on Wednesday. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 7.52 and a beta of 0.89. The firm has a 50 day simple moving average of $50.19 and a 200 day simple moving average of $46.60. Pampa Energía has a 1-year low of $32.91 and a 1-year high of $60.53. 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) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. The company had revenue of $500.00 million during the quarter, compared to analysts’ expectations of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. On average, analysts predict that Pampa Energía will post 9.54 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd boosted its holdings 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 worth $32,272,000 after purchasing an additional 125,519 shares in the last quarter. Millennium Management LLC lifted its position in Pampa Energía by 428.0% in the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after buying an additional 509,487 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Pampa Energía by 5.2% in the first quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock worth $12,172,000 after buying an additional 13,834 shares in the last quarter. Murchinson Ltd. bought a new position in Pampa Energía during the first quarter valued at approximately $3,020,000. Finally, Ping Capital Management Inc. purchased a new position in shares of Pampa Energía during the second quarter worth approximately $2,470,000. Institutional investors own 12.77% of the company’s stock.

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.