Pampa Energía (NYSE:PAM) Stock Rating Lowered by Citigroup

Pampa Energía (NYSE:PAM) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a $75.00 price target on the utilities provider’s stock, up from their prior price target of $58.00. Citigroup’s price target suggests a potential upside of 13.60% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Bank of America increased their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. StockNews.com lowered shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.00.

Pampa Energía Stock Down 1.4 %

Shares of NYSE PAM opened at $66.02 on Friday. Pampa Energía has a 52-week low of $32.91 and a 52-week high of $69.59. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 10.00 and a beta of 0.88. The stock has a 50 day moving average price of $61.07 and a 200 day moving average price of $51.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. The business had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Sell-side analysts expect that Pampa Energía will post 8.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PAM. Blue Trust Inc. boosted its stake in Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock worth $1,032,000 after buying an additional 398 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying 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 3rd quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock valued at $1,006,000 after acquiring an additional 573 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

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.