Santander upgraded shares of Pampa Energia (NYSE:PAM) from a hold rating to a buy rating in a research report released on Friday morning, The Fly reports.

A number of other equities research analysts also recently weighed in on PAM. ValuEngine downgraded Pampa Energia from a buy rating to a hold rating in a report on Wednesday, September 27th. Morgan Stanley began coverage on Pampa Energia in a report on Tuesday, September 19th. They set an equal weight rating and a $69.00 price objective on the stock. Finally, Zacks Investment Research downgraded Pampa Energia from a hold rating to a strong sell rating in a report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $72.00.

Shares of Pampa Energia (PAM) opened at $63.50 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market capitalization of $4,664.71, a P/E ratio of 19.13 and a beta of 1.11. Pampa Energia has a 1-year low of $31.52 and a 1-year high of $71.39.

A number of hedge funds have recently bought and sold shares of PAM. Pacad Investment Ltd. bought a new stake in shares of Pampa Energia during the 2nd quarter valued at $159,000. Envestnet Asset Management Inc. raised its position in shares of Pampa Energia by 70.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,139 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,292 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Pampa Energia during the 2nd quarter valued at $220,000. World Asset Management Inc bought a new stake in shares of Pampa Energia during the 2nd quarter valued at $235,000. Finally, Invictus RG bought a new stake in shares of Pampa Energia during the 3rd quarter valued at $256,000. Hedge funds and other institutional investors own 44.18% of the company’s stock.

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Pampa Energia Company Profile

Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.

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