Pampa Energia (NYSE:PAM) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Pampa Energia (NYSE:PAM) from a hold rating to a strong-buy rating in a research note published on Saturday.

PAM has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Zacks Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 31st. Finally, HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $97.00 in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Pampa Energia presently has an average rating of “Hold” and an average target price of $105.00.

Pampa Energia Stock Performance

Shares of PAM opened at $80.96 on Friday. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $94.50. The company has a 50-day moving average of $82.29 and a 200 day moving average of $78.32.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $2.35. The firm had revenue of $96.00 million during the quarter, compared to analysts’ expectations of $737.30 billion. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. As a group, research analysts anticipate that Pampa Energia will post 9.33 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energia

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Pampa Energia in the second quarter valued at approximately $37,000. NFJ Investment Group LLC purchased a new stake in Pampa Energia in the fourth quarter valued at $104,000. Van ECK Associates Corp purchased a new stake in Pampa Energia in the third quarter valued at $139,000. Quantbot Technologies LP purchased a new stake in Pampa Energia in the third quarter valued at $187,000. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Pampa Energia in the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.