StockNews.com Downgrades Pampa Energía (NYSE:PAM) to Hold

StockNews.com downgraded shares of Pampa Energía (NYSE:PAM) from a buy rating to a hold rating in a research note released on Tuesday morning.

Other equities research analysts also recently issued reports about the company. Citigroup decreased their target price on Pampa Energía from $55.00 to $51.00 and set a neutral rating on the stock in a research report on Wednesday, April 17th. HSBC raised Pampa Energía from a reduce rating to a hold rating and set a $46.00 target price on the stock in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pampa Energía presently has a consensus rating of Hold and an average target price of $46.67.

Pampa Energía Price Performance

Shares of Pampa Energía stock opened at $45.64 on Tuesday. The business’s 50-day moving average price is $45.14 and its 200-day moving average price is $44.99. The company has a current ratio of 2.63, a quick ratio of 2.26 and a debt-to-equity ratio of 0.45. Pampa Energía has a 12 month low of $32.91 and a 12 month high of $52.17. The firm has a market capitalization of $2.49 billion, a PE ratio of 5.84, a price-to-earnings-growth ratio of 0.40 and a beta of 0.98.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAM. GAMMA Investing LLC purchased a new stake in shares of Pampa Energía during the fourth quarter worth $41,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energía during the fourth quarter worth $44,000. Headlands Technologies LLC purchased a new position in Pampa Energía in the first quarter valued at $69,000. FNY Investment Advisers LLC purchased a new position in Pampa Energía in the fourth quarter valued at $99,000. Finally, SG Americas Securities LLC purchased a new position in Pampa Energía in the first quarter valued at $108,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.