Pampa Energía (NYSE:PAM) Upgraded by HSBC to “Hold”

HSBC upgraded shares of Pampa Energía (NYSE:PAM) from a reduce rating to a hold rating in a research note released on Tuesday, Marketbeat.com reports. HSBC currently has $46.00 price target on the utilities provider’s stock.

A number of other research firms have also recently weighed in on PAM. Citigroup reduced their price objective on shares of Pampa Energía from $55.00 to $51.00 and set a neutral rating for the company in a research report on Wednesday, April 17th. StockNews.com raised shares of Pampa Energía from a hold rating to a buy rating in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $46.67.

Pampa Energía Trading Up 2.9 %

PAM stock opened at $45.64 on Tuesday. Pampa Energía has a 52-week low of $32.91 and a 52-week high of $52.17. The company has a quick ratio of 2.26, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.49 billion, a P/E ratio of 5.84, a PEG ratio of 0.40 and a beta of 0.98. The company’s 50-day simple moving average is $45.14 and its 200-day simple moving average is $44.99.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.44) by ($1.46). The business had revenue of $362.00 million during the quarter, compared to analyst estimates of $395.56 million. Pampa Energía had a net margin of 25.16% and a return on equity of 14.99%. As a group, equities analysts forecast that Pampa Energía will post 7.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in Pampa Energía in the 4th quarter valued at about $41,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Pampa Energía during the 4th quarter worth approximately $44,000. Headlands Technologies LLC acquired a new stake in shares of Pampa Energía in the first quarter valued at $69,000. FNY Investment Advisers LLC acquired a new position in Pampa Energía in the 4th quarter valued at about $99,000. Finally, SG Americas Securities LLC purchased a new stake in Pampa Energía during the first quarter worth about $108,000. 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.