Pampa Energía (NYSE:PAM) Price Target Raised to $92.00 at Citigroup

Pampa Energía (NYSE:PAM) had its price objective hoisted by Citigroup from $88.00 to $92.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. Citigroup’s price target points to a potential upside of 6.07% from the company’s previous close.

Separately, StockNews.com downgraded Pampa Energía from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.88.

Pampa Energía Stock Performance

NYSE PAM traded up $4.47 on Monday, hitting $86.74. 166,154 shares of the stock traded hands, compared to its average volume of 255,559. The business’s fifty day moving average is $75.81 and its two-hundred day moving average is $80.65. Pampa Energía has a 12 month low of $38.58 and a 12 month high of $97.55. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 13.41 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

Pampa Energía (NYSE:PAM) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.89. The firm had revenue of $414.00 million for the quarter, compared to the consensus estimate of $487.63 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. As a group, equities analysts anticipate that Pampa Energía will post 9.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Large investors have recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in Pampa Energía during the fourth quarter valued at about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Pampa Energía in the fourth quarter worth about $49,000. Blue Trust Inc. increased its holdings in shares of Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after buying an additional 259 shares during the period. Compass Group LLC purchased a new position in shares of Pampa Energía in the fourth quarter worth about $152,000. Finally, Virtu Financial LLC bought a new stake in shares of Pampa Energía in the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.