Pampa Energía (NYSE:PAM) Issues Earnings Results

Pampa Energía (NYSE:PAM) announced its quarterly earnings results on Wednesday. The utilities provider reported $1.90 EPS for the quarter, Zacks reports. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%.

Pampa Energía Stock Performance

Shares of PAM stock traded up $1.77 during midday trading on Wednesday, hitting $77.48. The company had a trading volume of 179,697 shares, compared to its average volume of 288,786. 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 stock has a market cap of $4.23 billion, a price-to-earnings ratio of 11.92 and a beta of 0.92. The company’s 50 day simple moving average is $85.15 and its 200 day simple moving average is $74.67. Pampa Energía has a 52-week low of $38.15 and a 52-week high of $97.55.

Analyst Upgrades and Downgrades

PAM has been the subject of a number of research reports. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.63.

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.