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Pampa Energia's (PAM) "Hold (C-)" Rating Reiterated at Weiss Ratings

Pampa Energia logo with Utilities background

Key Points

  • Pampa Energia's stock retains a "hold (C-)" rating from Weiss Ratings, amidst recent downgrades from other analysts, including a cut to "strong sell" by Zacks Research.
  • The company reported disappointing earnings, with a loss of $1.65 per share compared to the consensus estimate of $2.35, and revenue significantly below forecasts at $486 million against an expected $632.05 million.
  • Despite recent struggles, some hedge funds have increased their holdings in Pampa Energia, reflecting a potential interest in the stock amid current challenges.
  • MarketBeat previews the top five stocks to own by November 1st.

Pampa Energia (NYSE:PAM - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the company. Wall Street Zen downgraded Pampa Energia from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Zacks Research cut Pampa Energia from a "hold" rating to a "strong sell" rating in a report on Monday. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $92.75.

View Our Latest Stock Analysis on PAM

Pampa Energia Stock Performance

NYSE:PAM opened at $62.13 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33. Pampa Energia has a 1 year low of $54.95 and a 1 year high of $97.55. The stock's 50 day simple moving average is $66.76 and its two-hundred day simple moving average is $71.87. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 5.58 and a beta of 1.10.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. TT International Asset Management LTD increased its holdings in shares of Pampa Energia by 9.4% in the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock valued at $101,868,000 after purchasing an additional 112,934 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock worth $41,845,000 after acquiring an additional 45,653 shares during the period. Helikon Investments Ltd grew its holdings in Pampa Energia by 11.2% during the first quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock worth $38,027,000 after acquiring an additional 49,709 shares during the period. Itau Unibanco Holding S.A. boosted its position in Pampa Energia by 42.4% during the second quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider's stock worth $21,104,000 after purchasing an additional 90,500 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Pampa Energia by 85.4% during the first 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 in the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia Company Profile

(Get Free Report)

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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