Pampa Energía (NYSE:PAM) Trading Up 3.9% After Analyst Upgrade

Pampa Energía S.A. (NYSE:PAM) shares were up 3.9% on Monday after Citigroup raised their price target on the stock from $88.00 to $92.00. Citigroup currently has a neutral rating on the stock. Pampa Energía traded as high as $85.92 and last traded at $85.45. Approximately 31,003 shares were traded during trading, a decline of 87% from the average daily volume of 243,683 shares. The stock had previously closed at $82.27.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PAM. ABS Direct Equity Fund LLC raised its stake in Pampa Energía by 186.7% in the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock worth $1,513,000 after buying an additional 11,200 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in Pampa Energía in the 4th quarter worth about $308,000. DGS Capital Management LLC acquired a new stake in Pampa Energía in the fourth quarter valued at approximately $282,000. Diversify Wealth Management LLC lifted its stake in shares of Pampa Energía by 19.7% during the fourth quarter. Diversify Wealth Management LLC now owns 18,081 shares of the utilities provider’s stock worth $1,716,000 after buying an additional 2,971 shares during the period. Finally, Whittier Trust Co. lifted its position in Pampa Energía by 52.6% during the fourth quarter. Whittier Trust Co. now owns 22,986 shares of the utilities provider’s stock valued at $2,021,000 after purchasing an additional 7,924 shares during the period. 12.77% of the stock is owned by institutional investors.

Pampa Energía Stock Up 4.6%

The firm has a market cap of $4.69 billion, a PE ratio of 13.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The business’s 50 day moving average price is $75.81 and its 200 day moving average price is $80.65.

Pampa Energía (NYSE:PAM) last announced its earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.89. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $414.00 million during the quarter, compared to analysts’ expectations of $487.63 million. On average, equities research analysts expect that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

About Pampa Energía

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.