Pampa Energia (NYSE:PAM) Rating Increased 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 research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research firms also recently issued reports on PAM. 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 note on Monday, May 19th. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $92.75.

Pampa Energia Trading Down 6.1%

Shares of NYSE PAM traded down $3.64 during trading hours on Friday, reaching $56.43. The stock had a trading volume of 861,026 shares, compared to its average volume of 419,972. 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 firm has a market cap of $3.28 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 5.45 and a beta of 1.16. The business's fifty day moving average price is $69.91 and its two-hundred day moving average price is $73.54. Pampa Energia has a 52-week low of $55.36 and a 52-week high of $97.55.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). The firm had revenue of $486.00 million during 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%. Analysts expect that Pampa Energia will post 9.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energia

Several institutional investors have recently bought and sold shares of the company. Marex Group plc acquired a new stake in Pampa Energia in the second quarter valued at approximately $1,449,000. MML Investors Services LLC acquired a new stake in shares of Pampa Energia during the second quarter worth $982,000. Cubist Systematic Strategies LLC lifted its stake in shares of Pampa Energia by 30.7% during the second quarter. Cubist Systematic Strategies LLC now owns 58,577 shares of the utilities provider's stock worth $4,064,000 after buying an additional 13,757 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Pampa Energia during the second quarter worth $2,768,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Pampa Energia by 11.6% during the second quarter. Balyasny Asset Management L.P. now owns 103,216 shares of the utilities provider's stock worth $7,161,000 after buying an additional 10,703 shares during the period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.