Pampa Energia (NYSE:PAM) Cut to "Sell" at Wall Street Zen

Key Points

• Pampa Energia's stock rating was downgraded from "hold" to "sell" by analysts at Wall Street Zen, indicating a more negative outlook for the company.
• Despite the downgrade, the company maintains a consensus "Hold" rating from analysts with an average price target of $85.83.
• Pampa Energia reported a disappointing earnings performance, with an EPS of $0.70, significantly missing the consensus estimate of $2.35.

Pampa Energia (NYSE:PAM - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Friday.

PAM has been the subject of several other reports. Zacks Research raised shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Citigroup increased their price objective on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $85.83.

Pampa Energia Stock Performance

PAM stock opened at $68.03 on Friday. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 4.39 and a beta of 1.16. The firm has a 50-day simple moving average of $71.95 and a two-hundred day simple moving average of $74.68. Pampa Energia has a one year low of $54.91 and a one year high of $97.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 EPS for the quarter, missing the consensus estimate of $2.35 by ($1.65). The firm had revenue of $486.00 million for the quarter, compared to analysts' expectations of $632.05 million. Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. On average, equities analysts forecast that Pampa Energia will post 9.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in Pampa Energia in the 4th quarter worth approximately $1,512,000. TT International Asset Management LTD grew its stake in shares of Pampa Energia by 9.4% during 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 purchasing an additional 112,934 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Pampa Energia during the 1st quarter worth approximately $459,000. Helikon Investments Ltd grew its stake in shares of Pampa Energia by 11.2% during the 1st quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock worth $38,027,000 after purchasing an additional 49,709 shares during the period. Finally, Banco BTG Pactual S.A. grew its stake in shares of Pampa Energia by 223.5% during the 1st quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider's stock worth $1,274,000 after purchasing an additional 11,400 shares during the period. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia 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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