Pampa Energia (NYSE:PAM) Upgraded to Hold by ValuEngine
Separately, Zacks Investment Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Pampa Energia presently has an average rating of “Buy” and an average target price of $42.50.
Shares of PAM traded up $3.76 during mid-day trading on Wednesday, hitting $33.66. The company’s stock had a trading volume of 2,589,033 shares, compared to its average volume of 660,821. Pampa Energia has a one year low of $19.50 and a one year high of $48.72. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -22.00 and a beta of 0.32.
A number of hedge funds have recently modified their holdings of PAM. LSV Asset Management increased its holdings in shares of Pampa Energia by 28.8% in the 4th quarter. LSV Asset Management now owns 20,581 shares of the utilities provider’s stock valued at $654,000 after purchasing an additional 4,600 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Pampa Energia in the 4th quarter valued at about $69,000. Eaton Vance Management increased its holdings in shares of Pampa Energia by 18.0% in the 4th quarter. Eaton Vance Management now owns 43,869 shares of the utilities provider’s stock valued at $1,395,000 after purchasing an additional 6,700 shares during the period. TT International increased its holdings in shares of Pampa Energia by 59.9% in the 4th quarter. TT International now owns 1,751,889 shares of the utilities provider’s stock valued at $55,727,000 after purchasing an additional 656,336 shares during the period. Finally, Standard Life Aberdeen plc increased its holdings in shares of Pampa Energia by 60.1% in the 4th quarter. Standard Life Aberdeen plc now owns 167,100 shares of the utilities provider’s stock valued at $5,132,000 after purchasing an additional 62,700 shares during the period. 38.30% of the stock is owned by hedge funds and other institutional investors.
Pampa Energia Company Profile
Pampa Energía 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.
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