Bank of America set a $55.00 target price on Pampa Energia (NYSE:PAM) in a report published on Friday. The brokerage currently has a buy rating on the utilities provider’s stock.

PAM has been the topic of a number of other reports. Credit Suisse Group started coverage on shares of Pampa Energia in a research note on Thursday, July 12th. They issued an underperform rating on the stock. ValuEngine lowered shares of Pampa Energia from a hold rating to a sell rating in a research note on Saturday, June 2nd. JPMorgan Chase & Co. started coverage on shares of Pampa Energia in a research note on Tuesday, July 31st. They issued an overweight rating and a $65.00 target price on the stock. Zacks Investment Research lowered shares of Pampa Energia from a hold rating to a sell rating in a research note on Saturday, June 30th. Finally, HSBC started coverage on shares of Pampa Energia in a research note on Thursday, August 30th. They issued a buy rating and a $40.00 target price on the stock. Three analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Pampa Energia currently has a consensus rating of Hold and a consensus price target of $59.60.

Shares of Pampa Energia stock opened at $30.41 on Friday. The stock has a market capitalization of $2.18 billion, a P/E ratio of 8.57, a P/E/G ratio of 0.28 and a beta of 1.22. Pampa Energia has a twelve month low of $24.93 and a twelve 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.

Pampa Energia (NYSE:PAM) last released its earnings results on Monday, August 13th. The utilities provider reported ($2.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.14) by ($1.70). Pampa Energia had a return on equity of 8.21% and a net margin of 5.30%. The business had revenue of $882.57 million during the quarter. sell-side analysts forecast that Pampa Energia will post 3.67 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carmignac Gestion increased its holdings in shares of Pampa Energia by 35.5% during the 1st quarter. Carmignac Gestion now owns 3,066,345 shares of the utilities provider’s stock worth $182,754,000 after buying an additional 802,964 shares during the last quarter. Serengeti Asset Management LP increased its holdings in shares of Pampa Energia by 232.5% during the 2nd quarter. Serengeti Asset Management LP now owns 665,000 shares of the utilities provider’s stock worth $23,787,000 after buying an additional 465,000 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Pampa Energia during the 2nd quarter worth approximately $16,603,000. Millennium Management LLC increased its holdings in shares of Pampa Energia by 217.1% during the 2nd quarter. Millennium Management LLC now owns 422,010 shares of the utilities provider’s stock worth $15,095,000 after buying an additional 288,946 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Pampa Energia during the 2nd quarter worth approximately $6,714,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Pampa Energia (NYSE:PAM)

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