Shares of Pampa Energia S.A. (NYSE:PAM) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $70.67.

PAM has been the topic of several research analyst reports. BidaskClub downgraded shares of Pampa Energia from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 price objective (up from $65.00) on shares of Pampa Energia in a report on Saturday, June 3rd. Morgan Stanley began coverage on shares of Pampa Energia in a report on Tuesday, September 19th. They issued an “equal weight” rating and a $69.00 price objective on the stock. Finally, ValuEngine downgraded shares of Pampa Energia from a “buy” rating to a “hold” rating in a report on Wednesday.

Several large investors have recently added to or reduced their stakes in the stock. Blockhouse Capital Management LP grew its stake in shares of Pampa Energia by 88.7% in the second quarter. Blockhouse Capital Management LP now owns 121,700 shares of the utilities provider’s stock valued at $7,162,000 after buying an additional 57,200 shares in the last quarter. Banco BTG Pactual S.A. boosted its position in Pampa Energia by 390.7% during the second quarter. Banco BTG Pactual S.A. now owns 262,051 shares of the utilities provider’s stock worth $15,422,000 after purchasing an additional 208,650 shares during the period. TT International boosted its position in Pampa Energia by 17.2% during the second quarter. TT International now owns 289,840 shares of the utilities provider’s stock worth $17,057,000 after purchasing an additional 42,628 shares during the period. Alpine Global Management LLC boosted its position in Pampa Energia by 29.3% during the second quarter. Alpine Global Management LLC now owns 9,553 shares of the utilities provider’s stock worth $562,000 after purchasing an additional 2,166 shares during the period. Finally, Capital World Investors boosted its position in Pampa Energia by 372.8% during the second quarter. Capital World Investors now owns 4,426,113 shares of the utilities provider’s stock worth $260,477,000 after purchasing an additional 3,489,983 shares during the period. 44.37% of the stock is owned by institutional investors and hedge funds.

Shares of Pampa Energia (PAM) traded up 5.00% on Wednesday, reaching $65.10. 389,920 shares of the company were exchanged. Pampa Energia has a 12 month low of $30.07 and a 12 month high of $65.51. The stock has a 50 day moving average price of $59.64 and a 200-day moving average price of $57.50. The stock has a market capitalization of $4.78 billion, a P/E ratio of 44.90 and a beta of 1.22.

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Pampa Energia Company Profile

Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.

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