Citigroup Trims Pampa Energía (NYSE:PAM) Target Price to $51.00

Pampa Energía (NYSE:PAM - Free Report) had its price target cut by Citigroup from $55.00 to $51.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the utilities provider's stock.

Separately, StockNews.com cut shares of Pampa Energía from a buy rating to a hold rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $41.33.

Pampa Energía Price Performance

Pampa Energía stock traded down $0.10 during trading hours on Wednesday, reaching $41.97. 224,249 shares of the stock were exchanged, compared to its average volume of 258,075. The company has a market cap of $2.29 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. The company has a current ratio of 2.56, a quick ratio of 2.16 and a debt-to-equity ratio of 0.51. Pampa Energía has a twelve month low of $32.10 and a twelve month high of $52.17. The stock has a 50 day moving average of $42.71 and a two-hundred day moving average of $43.67.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.44) by ($1.46). The firm had revenue of $362.00 million for the quarter, compared to analyst estimates of $395.56 million. Pampa Energía had a return on equity of 10.84% and a net margin of 17.45%. Equities analysts expect that Pampa Energía will post 7.02 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

Institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd grew its stake in shares of Pampa Energía by 219.6% in the third quarter. Quadrature Capital Ltd now owns 56,662 shares of the utilities provider's stock worth $2,114,000 after purchasing an additional 38,934 shares during the last quarter. Helikon Investments Ltd grew its stake in shares of Pampa Energía by 44.7% in the third quarter. Helikon Investments Ltd now owns 471,566 shares of the utilities provider's stock worth $17,618,000 after purchasing an additional 145,702 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Pampa Energía by 62.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider's stock worth $7,125,000 after purchasing an additional 55,187 shares during the last quarter. Dfpg Investments LLC grew its stake in shares of Pampa Energía by 5.7% in the fourth quarter. Dfpg Investments LLC now owns 14,194 shares of the utilities provider's stock worth $688,000 after purchasing an additional 767 shares during the last quarter. Finally, Claro Advisors LLC acquired a new position in Pampa Energía in the fourth quarter valued at $237,000. Institutional investors own 12.77% of the company's stock.

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.