JPMorgan Chase & Co. Issues Positive Forecast for Pampa Energía (NYSE:PAM) Stock Price

Pampa Energía (NYSE:PAM) had its price objective hoisted by JPMorgan Chase & Co. from $59.00 to $93.50 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the company. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pampa Energía presently has an average rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Trading Up 2.2 %

Shares of Pampa Energía stock opened at $94.71 on Friday. The firm has a market cap of $5.17 billion, a PE ratio of 14.57 and a beta of 0.94. Pampa Energía has a 1 year low of $38.15 and a 1 year high of $97.55. 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 fifty day moving average price of $83.75 and a 200-day moving average price of $64.46.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $517.71 million. During the same quarter last year, the company posted $2.80 earnings per share. Equities research analysts anticipate that Pampa Energía will post 8.65 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAM. Blue Trust Inc. raised its position in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after buying an additional 253 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 345 shares in the last quarter. Driehaus Capital Management LLC boosted its position in shares of Pampa Energía by 1.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock valued at $1,032,000 after acquiring an additional 398 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 526 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its position in shares of Pampa Energía by 3.9% in the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 573 shares during the last quarter. 12.77% of the stock is owned by institutional investors.

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.