Pampa Energía (NYSE:PAM) Posts Quarterly Earnings Results, Beats Estimates By $0.89 EPS

Pampa Energía (NYSE:PAM - Get Free Report) released its quarterly earnings data on Monday. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.89, Zacks reports. The business had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%.

Pampa Energía Price Performance

Pampa Energía stock traded down $0.02 during mid-day trading on Friday, hitting $82.28. 168,478 shares of the company were exchanged, compared to its average volume of 255,854. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $75.81 and a 200 day moving average of $80.55. Pampa Energía has a 1-year low of $38.58 and a 1-year high of $97.55. The company has a market capitalization of $4.49 billion, a PE ratio of 12.66 and a beta of 1.16.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pampa Energía stock. Millennium Management LLC boosted its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 85.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,521 shares of the utilities provider's stock after acquiring an additional 74,841 shares during the quarter. Millennium Management LLC owned 0.30% of Pampa Energía worth $12,547,000 as of its most recent SEC filing. Institutional investors own 12.77% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Pampa Energía from a "buy" rating to a "hold" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $71.63.

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.