Pampa Energia (NYSE:PAM) Hits New 52-Week Low Following Analyst Downgrade

Key Points

• Pampa Energia shares hit a new 52-week low of $55.36 after a downgrade from a hold rating to a sell rating by Wall Street Zen, with the stock last trading at $57.79.
• Despite the downgrade, Citigroup raised Pampa Energia's target price from $88.00 to $92.00, maintaining a "neutral" rating, while the consensus price target stands at $85.83.
• The company reported disappointing quarterly earnings with EPS of $0.70, significantly missing analysts' expectations of $2.35, alongside a revenue of $486 million against forecasts of $632 million.

Pampa Energia S.A. (NYSE:PAM - Get Free Report)'s share price reached a new 52-week low during trading on Monday after Wall Street Zen downgraded the stock from a hold rating to a sell rating. The stock traded as low as $55.36 and last traded at $57.79, with a volume of 620659 shares changing hands. The stock had previously closed at $67.97.

Several other equities research analysts also recently weighed in on the company. Citigroup upped their target price on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $85.83.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. TT International Asset Management LTD lifted its holdings in 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 buying an additional 112,934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Pampa Energia by 8.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock worth $41,845,000 after buying an additional 45,653 shares during the last quarter. Helikon Investments Ltd lifted its holdings in 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 buying an additional 49,709 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Pampa Energia by 42.4% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider's stock worth $21,104,000 after buying an additional 90,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Pampa Energia by 7,143.8% during the 1st quarter. GAMMA Investing LLC now owns 178,486 shares of the utilities provider's stock worth $13,779,000 after purchasing an additional 176,022 shares during the period. Institutional investors own 12.77% of the company's stock.

Pampa Energia Price Performance

The company has a current ratio of 2.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $71.95 and a two-hundred day moving average price of $74.59. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 4.39 and a beta of 1.16.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. As a group, research analysts forecast that Pampa Energia S.A. will post 9.33 EPS for the current year.

About Pampa Energia

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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