Pampa Energía (NYSE:PAM) Given New $59.00 Price Target at JPMorgan Chase & Co.

Pampa Energía (NYSE:PAM) had its price objective boosted by JPMorgan Chase & Co. from $55.00 to $59.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Several other brokerages have also recently commented on PAM. StockNews.com cut Pampa Energía from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Bank of America boosted their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Stock Down 1.4 %

Pampa Energía stock opened at $66.02 on Wednesday. The stock has a market capitalization of $3.60 billion, a PE ratio of 10.01 and a beta of 0.89. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $69.59. The business has a 50 day simple moving average of $61.07 and a 200-day simple moving average of $51.50. 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 issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. The firm had revenue of $500.00 million during the quarter, compared to analysts’ expectations of $479.17 million. On average, analysts anticipate that Pampa Energía will post 8.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAM. Norden Group LLC acquired a new position in Pampa Energía during the first quarter worth $312,000. Marshall Financial Group LLC lifted its stake in shares of Pampa Energía by 8.2% in the 1st quarter. Marshall Financial Group LLC now owns 22,570 shares of the utilities provider’s stock valued at $974,000 after purchasing an additional 1,704 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Pampa Energía in the 1st quarter valued at $688,000. BNP Paribas Financial Markets lifted its stake in shares of Pampa Energía by 93.8% in the 1st quarter. BNP Paribas Financial Markets now owns 17,805 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 8,620 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Pampa Energía by 5.2% in 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 during the last quarter. Institutional investors and hedge funds 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.