Pampa Energia S.A. (NYSE:PAM) has been assigned an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $57.25.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Pampa Energia from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. Credit Suisse Group assumed coverage on Pampa Energia in a research note on Thursday, July 12th. They set an “underperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on Pampa Energia in a research note on Tuesday, July 31st. They set an “overweight” rating and a $65.00 price target on the stock. ValuEngine upgraded Pampa Energia from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, HSBC assumed coverage on Pampa Energia in a research note on Thursday, August 30th. They set a “buy” rating and a $40.00 price target on the stock.

Shares of PAM opened at $30.17 on Friday. Pampa Energia has a 12-month low of $24.93 and a 12-month high of $72.98. The company has a debt-to-equity ratio of 4.87, a quick ratio of 1.33 and a current ratio of 1.44. The stock has a market cap of $2.21 billion, a P/E ratio of 8.50 and a beta of 1.11.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Monday, August 13th. The utilities provider reported ($2.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($1.70). Pampa Energia had a net margin of 5.30% and a return on equity of 8.21%. The firm had revenue of $882.57 million for the quarter. Analysts anticipate that Pampa Energia will post -1.71 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its holdings in Pampa Energia by 2.7% during the second quarter. Northern Trust Corp now owns 80,628 shares of the utilities provider’s stock valued at $2,884,000 after purchasing an additional 2,152 shares in the last quarter. Millennium Management LLC boosted its holdings in Pampa Energia by 217.1% during the second quarter. Millennium Management LLC now owns 422,010 shares of the utilities provider’s stock valued at $15,095,000 after purchasing an additional 288,946 shares in the last quarter. Highland Capital Management LP boosted its holdings in Pampa Energia by 46.2% during the second quarter. Highland Capital Management LP now owns 194,880 shares of the utilities provider’s stock valued at $6,971,000 after purchasing an additional 61,550 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Pampa Energia during the second quarter valued at approximately $6,714,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Pampa Energia by 229.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 56,238 shares of the utilities provider’s stock valued at $2,012,000 after purchasing an additional 39,176 shares in the last quarter. 36.08% of the stock is currently owned by institutional investors.

About Pampa Energia

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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