Pampa Energía (NYSE:PAM) Given New $55.00 Price Target at JPMorgan Chase & Co.

Pampa Energía (NYSE:PAM) had its price objective raised by JPMorgan Chase & Co. from $47.00 to $55.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

A number of other equities research analysts have also commented on PAM. StockNews.com upgraded Pampa Energía from a hold rating to a buy rating in a research report on Monday, August 12th. Citigroup upgraded Pampa Energía from a neutral rating to a buy rating and increased their price objective for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Finally, Bank of America increased their price objective on Pampa Energía from $62.00 to $72.00 and gave the company a buy rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $57.75.

Pampa Energía Stock Up 0.7 %

NYSE PAM opened at $58.62 on Wednesday. The firm has a market cap of $3.20 billion, a PE ratio of 7.51 and a beta of 0.89. Pampa Energía has a one year low of $32.91 and a one year high of $62.66. The stock’s 50 day simple moving average is $52.70 and its 200 day simple moving average is $47.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. As a group, sell-side analysts forecast that Pampa Energía will post 9.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Truist Financial Corp bought a new position in shares of Pampa Energía in the 2nd quarter worth $854,000. Driehaus Capital Management LLC boosted its position in shares of Pampa Energía by 1.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock worth $1,032,000 after purchasing an additional 398 shares during the last quarter. Millennium Management LLC boosted its position in shares of 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 purchasing an additional 509,487 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Pampa Energía in the 2nd quarter worth $950,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 1,059 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

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.