Citigroup Cuts Pampa Energía (NYSE:PAM) Price Target to $51.00

Pampa Energía (NYSE:PAM) had its target price dropped by research analysts at Citigroup from $55.00 to $51.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Citigroup’s price target would suggest a potential upside of 21.52% from the stock’s current price.

Separately, StockNews.com lowered shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.33.

Pampa Energía Price Performance

PAM traded down $0.10 during trading on Wednesday, reaching $41.97. The stock had a trading volume of 179,854 shares, compared to its average volume of 257,301. The stock has a market cap of $2.29 billion, a PE ratio of 7.67, a PEG ratio of 0.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.16 and a current ratio of 2.56. Pampa Energía has a one year low of $32.10 and a one year high of $52.17. The business has a 50-day moving average of $42.76 and a 200-day moving average of $43.68.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. The company had revenue of $362.00 million for the quarter, compared to the consensus estimate of $395.56 million. As a group, equities research analysts anticipate that Pampa Energía will post 7.02 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of Pampa Energía during the fourth quarter valued at approximately $41,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Pampa Energía during the fourth quarter valued at approximately $44,000. Tower Research Capital LLC TRC lifted its holdings in shares of Pampa Energía by 295.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,186 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 886 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Pampa Energía during the fourth quarter valued at approximately $99,000. Finally, Barclays PLC bought a new stake in shares of Pampa Energía during the second quarter valued at approximately $87,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energía 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.