Pampa Energía (NYSE:PAM) PT Raised to $55.00 at JPMorgan Chase & Co.

Pampa Energía (NYSE:PAM) had its price target increased by stock analysts at JPMorgan Chase & Co. from $47.00 to $55.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 5.50% from the stock’s current price.

Other research analysts also recently issued research reports about the company. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Finally, Bank of America lifted their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.75.

Pampa Energía Price Performance

Pampa Energía stock opened at $58.20 on Wednesday. Pampa Energía has a one year low of $32.91 and a one year high of $62.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. The business has a fifty day moving average of $52.45 and a two-hundred day moving average of $47.57. The company has a market cap of $3.17 billion, a P/E ratio of 7.45 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. The business had revenue of $500.00 million during the quarter, compared to the consensus estimate of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. As a group, analysts predict that Pampa Energía will post 9.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Pampa Energía in the 2nd quarter valued at about $37,000. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energía in the 4th quarter valued at about $44,000. EverSource Wealth Advisors LLC acquired a new position in Pampa Energía in the 1st quarter valued at about $52,000. Headlands Technologies LLC purchased a new stake in Pampa Energía in the 1st quarter valued at about $69,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Pampa Energía by 144.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after buying an additional 1,166 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.