Wall Street Zen Upgrades Pampa Energía (NYSE:PAM) to "Buy"

Pampa Energía (NYSE:PAM - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Wednesday.

Separately, Citigroup upped their target price on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, May 19th.

Pampa Energía Price Performance

Shares of Pampa Energía stock traded up $0.67 during midday trading on Wednesday, hitting $82.16. 104,788 shares of the company traded hands, compared to its average volume of 255,470. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 12.64 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The firm's fifty day moving average price is $76.20 and its 200-day moving average price is $81.26. Pampa Energía has a 12 month low of $38.58 and a 12 month high of $97.55.

Pampa Energía (NYSE:PAM - Get Free Report) last posted 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. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The firm had revenue of $414.00 million for the quarter, compared to analysts' expectations of $487.63 million. As a group, sell-side analysts forecast that Pampa Energía will post 9.33 earnings per share for the current year.

Hedge Funds Weigh In On Pampa Energía

A number of hedge funds have recently modified their holdings of PAM. Advisors Preferred LLC acquired a new stake in Pampa Energía in the fourth quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Pampa Energía in the fourth quarter valued at about $49,000. Blue Trust Inc. raised its position in shares of Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after acquiring an additional 259 shares during the last quarter. Compass Group LLC acquired a new position in shares of Pampa Energía in the fourth quarter worth approximately $152,000. Finally, Burns Matteson Capital Management LLC bought a new stake in Pampa Energía in the first quarter valued at approximately $186,000. 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.