Pampa Energía (NYSE:PAM) Lifted to “Hold” at HSBC

HSBC upgraded shares of Pampa Energía (NYSE:PAM) from a reduce rating to a hold rating in a research note released on Tuesday, MarketBeat.com reports. HSBC currently has $46.00 price target on the utilities provider’s stock.

Other equities analysts also recently issued reports about the stock. StockNews.com raised shares of Pampa Energía from a hold rating to a buy rating in a research note on Thursday, May 9th. Citigroup reduced their target price on shares of Pampa Energía from $55.00 to $51.00 and set a neutral rating on the stock in a report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $46.67.

Pampa Energía Price Performance

Shares of NYSE PAM opened at $45.64 on Tuesday. Pampa Energía has a one year low of $32.91 and a one year high of $52.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.26 and a current ratio of 2.63. The firm has a fifty day moving average of $45.14 and a 200 day moving average of $44.99. The firm has a market cap of $2.49 billion, a PE ratio of 5.84, a PEG ratio of 0.40 and a beta of 0.98.

Pampa Energía (NYSE:PAM) last announced its earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.44) by ($1.46). The business had revenue of $362.00 million for the quarter, compared to analyst estimates of $395.56 million. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. As a group, research analysts predict that Pampa Energía will post 7.63 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in Pampa Energía during the fourth quarter worth approximately $41,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Pampa Energía during the fourth quarter worth approximately $44,000. Headlands Technologies LLC acquired a new position in shares of Pampa Energía in the 1st quarter valued at $69,000. FNY Investment Advisers LLC acquired a new position in shares of Pampa Energía in the 4th quarter valued at $99,000. Finally, SG Americas Securities LLC purchased a new stake in Pampa Energía in the 1st quarter valued at $108,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Company Profile

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.