Pampa Energia (NYSE:PAM) Raised to Hold at Wall Street Zen

Key Points

• Pampa Energia (NYSE:PAM) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, with several other firms also adjusting their ratings to "hold."
• The company reported disappointing quarterly earnings, with an EPS of $0.70 that fell short of estimates by $1.65 and revenues of $486 million compared to expectations of $632 million.
• Pampa Energia's stock has a current market cap of $3.39 billion and a consensus target price of $92.75, reflecting a mixed outlook from analysts despite recent upgrades.

Pampa Energia (NYSE:PAM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

PAM has been the topic of a number of other research reports. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Citigroup raised their price target on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $92.75.

Pampa Energia Trading Down 0.1%

Shares of NYSE:PAM traded down $0.06 during mid-day trading on Friday, hitting $59.43. The stock had a trading volume of 369,474 shares, compared to its average volume of 399,956. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70. The company has a market cap of $3.24 billion, a PE ratio of 7.33, a P/E/G ratio of 4.61 and a beta of 1.16. Pampa Energia has a 12-month low of $55.36 and a 12-month high of $97.55. The company's 50 day moving average is $70.67 and its 200-day moving average is $73.86.

Pampa Energia (NYSE:PAM - Get Free Report) last issued 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). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The firm had revenue of $486.00 million during the quarter, compared to analysts' expectations of $632.05 million. On average, sell-side analysts predict that Pampa Energia will post 9.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. grew its position in Pampa Energia by 1,122.0% in the 1st quarter. Itau Unibanco Holding S.A. now owns 213,674 shares of the utilities provider's stock worth $16,067,000 after purchasing an additional 196,188 shares during the last quarter. GAMMA Investing LLC grew its position in Pampa Energia by 7,143.8% in 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 last quarter. TT International Asset Management LTD grew its position in Pampa Energia 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 purchasing an additional 112,934 shares during the last quarter. Banco BTG Pactual S.A. grew its position in Pampa Energia by 467.2% in the 2nd quarter. Banco BTG Pactual S.A. now owns 93,583 shares of the utilities provider's stock worth $6,493,000 after purchasing an additional 77,083 shares during the last quarter. Finally, Millennium Management LLC grew its position in Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider's stock worth $12,547,000 after purchasing an additional 74,841 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.