Pampa Energía (NYSE:PAM) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Pampa Energía (NYSE:PAM) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Separately, Citigroup increased their target price on shares of Pampa Energía from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Monday, May 19th.

Pampa Energía Trading Up 0.8%

Pampa Energía stock opened at $82.16 on Wednesday. The firm has a 50 day moving average of $76.15 and a 200 day moving average of $81.02. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 12.64 and a beta of 1.16. Pampa Energía has a 12-month low of $38.58 and a 12-month high of $97.55. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last released 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 company had revenue of $414.00 million during the quarter, compared to analyst estimates of $487.63 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. As a group, research analysts predict that Pampa Energía will post 9.33 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energía

A number of institutional investors have recently added to or reduced their stakes in PAM. Acadian Asset Management LLC purchased a new stake in Pampa Energía during the 1st quarter valued at approximately $1,164,000. Jane Street Group LLC grew its holdings in Pampa Energía by 44.1% during the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after buying an additional 6,005 shares in the last quarter. Millennium Management LLC grew its holdings in Pampa Energía by 85.4% during the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after buying an additional 74,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Pampa Energía by 9.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 557,474 shares of the utilities provider’s stock valued at $43,037,000 after buying an additional 49,099 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Pampa Energía during the 1st quarter valued at approximately $3,460,000. 12.77% of the stock is 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.