Pampa Energía (NYSE:PAM) Upgraded at StockNews.com

Pampa Energía (NYSE:PAM - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.

Separately, Citigroup boosted their price target on shares of Pampa Energía from $88.00 to $92.00 and gave the company a "neutral" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.88.

Pampa Energía Price Performance

Pampa Energía stock opened at $84.39 on Wednesday. Pampa Energía has a 12-month low of $38.58 and a 12-month high of $97.55. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $76.02 and a 200-day moving average price of $80.81. The firm has a market capitalization of $4.60 billion, a PE ratio of 12.98 and a beta of 1.16.

Pampa Energía (NYSE:PAM - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.89. The business had revenue of $414.00 million for the quarter, compared to analyst estimates of $487.63 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. As a group, equities research analysts forecast that Pampa Energía will post 9.33 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

A number of large investors have recently added to or reduced their stakes in the company. TT International Asset Management LTD grew its position in shares of Pampa Energía by 9.4% in the 1st quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock worth $101,868,000 after buying an additional 112,934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pampa Energía by 9.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 557,474 shares of the utilities provider's stock valued at $43,037,000 after acquiring an additional 49,099 shares during the last quarter. Helikon Investments Ltd boosted its stake in Pampa Energía by 11.2% in the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock valued at $38,027,000 after acquiring an additional 49,709 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Pampa Energía by 167.1% in the fourth quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock worth $37,212,000 after purchasing an additional 264,706 shares during the last quarter. Finally, Brevan Howard Capital Management LP grew its holdings in Pampa Energía by 27.0% in the fourth quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider's stock worth $22,786,000 after purchasing an additional 54,923 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors.

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.

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