Bank of America cut shares of Pampa Energia (NYSE:PAM) from a buy rating to a neutral rating in a research note published on Tuesday, 24/7 WallStreet reports. They currently have $33.00 target price on the utilities provider’s stock, down from their prior target price of $52.50.

Several other research analysts have also recently weighed in on the stock. Citigroup cut shares of Pampa Energia from a buy rating to a neutral rating in a report on Monday, July 1st. TheStreet raised shares of Pampa Energia from a d+ rating to a c rating in a report on Wednesday, June 26th. ValuEngine cut shares of Pampa Energia from a sell rating to a strong sell rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Pampa Energia from a hold rating to a strong sell rating in a report on Thursday, May 9th. Finally, Morgan Stanley cut shares of Pampa Energia from an overweight rating to an equal weight rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $37.00.

PAM opened at $17.34 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $31.99 and a 200-day moving average price of $29.45. Pampa Energia has a twelve month low of $14.32 and a twelve month high of $39.89. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -11.33 and a beta of 0.60.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAM. James Investment Research Inc. increased its holdings in Pampa Energia by 44.4% during the second quarter. James Investment Research Inc. now owns 1,300 shares of the utilities provider’s stock valued at $45,000 after buying an additional 400 shares during the last quarter. Bank of Montreal Can purchased a new stake in Pampa Energia during the second quarter valued at approximately $49,000. Aperio Group LLC purchased a new stake in Pampa Energia during the second quarter valued at approximately $49,000. FNY Investment Advisers LLC purchased a new stake in Pampa Energia during the second quarter valued at approximately $49,000. Finally, Invesco Ltd. increased its holdings in Pampa Energia by 23.3% during the second quarter. Invesco Ltd. now owns 17,848 shares of the utilities provider’s stock valued at $619,000 after buying an additional 3,370 shares during the last quarter. 37.81% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Company Profile

Pampa EnergĂ­a SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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Analyst Recommendations for Pampa Energia (NYSE:PAM)

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