Wall Street Zen Downgrades Pampa Energia (NYSE:PAM) to Sell

Key Points

• Wall Street Zen has downgraded Pampa Energia from a "hold" rating to a "sell" rating, indicating a negative outlook for the stock.
• Pampa Energia reported a significant earnings miss, with a Q2 EPS of $0.70 compared to an expected $2.35, and revenue of $486 million versus a forecast of $632 million.
• The stock's current consensus rating remains at "Hold", with a price target of $92.75, but recent trading has seen the share price decline to $62.01.

Pampa Energia (NYSE:PAM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Separately, Zacks Research upgraded Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $92.75.

Pampa Energia Stock Performance

Pampa Energia stock traded down $1.94 during trading hours on Friday, hitting $62.01. 407,351 shares of the stock traded hands, compared to its average volume of 475,365. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33. The firm's 50 day moving average price is $68.96 and its 200-day moving average price is $72.96. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 5.95 and a beta of 1.16. Pampa Energia has a 1 year low of $54.95 and a 1 year high of $97.55.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly 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). 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 for the quarter, compared to analysts' expectations of $632.05 million. As a group, equities analysts expect that Pampa Energia will post 9.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

A number of institutional investors have recently added to or reduced their stakes in the stock. Marex Group plc purchased a new position in Pampa Energia during the second quarter worth approximately $1,449,000. MML Investors Services LLC purchased a new stake in Pampa Energia in the second quarter valued at $982,000. Cubist Systematic Strategies LLC raised its position in Pampa Energia by 30.7% in the second quarter. Cubist Systematic Strategies LLC now owns 58,577 shares of the utilities provider's stock valued at $4,064,000 after purchasing an additional 13,757 shares during the period. Brevan Howard Capital Management LP purchased a new stake in Pampa Energia in the second quarter valued at $2,768,000. Finally, Balyasny Asset Management L.P. raised its position in Pampa Energia by 11.6% in the second quarter. Balyasny Asset Management L.P. now owns 103,216 shares of the utilities provider's stock valued at $7,161,000 after purchasing an additional 10,703 shares during the period. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.