Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen

Key Points

• Pampa Energia was upgraded from a "sell" to a "hold" rating by Wall Street Zen, while other analyses show a consensus rating of "Reduce" with a target price of $92.75.
• The company's recent earnings report revealed a missed earnings estimate by $1.65, reporting only $0.70 EPS against an expected $2.35.
• Pampa Energia's share price opened at $63.51, down 2.0%, and it holds a market capitalization of $3.46 billion.

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

PAM has been the subject of a number of other research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pampa Energia in a research report on Wednesday, October 8th. Zacks Research cut shares of Pampa Energia from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $92.75.

Pampa Energia Trading Down 2.0%

Shares of Pampa Energia stock opened at $63.51 on Friday. The stock has a market capitalization of $3.46 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 6.03 and a beta of 1.10. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $65.13 and a 200 day simple moving average of $71.12. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $97.55.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its 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 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%. Research analysts expect that Pampa Energia will post 9.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Pampa Energia during the second quarter valued at approximately $37,000. First Horizon Advisors Inc. acquired a new position in Pampa Energia during the second quarter valued at approximately $51,000. Advisors Preferred LLC grew its holdings in Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 448 shares during the period. Burns Matteson Capital Management LLC acquired a new position in Pampa Energia during the first quarter valued at approximately $186,000. Finally, Banco Santander S.A. acquired a new position in Pampa Energia during the first quarter valued at approximately $221,000. 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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