Analysts Anticipate Pampa Energia S.A. (PAM) Will Post Earnings of $1.14 Per Share

Wall Street analysts expect Pampa Energia S.A. (NYSE:PAM) to post earnings of $1.14 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Pampa Energia’s earnings. Pampa Energia posted earnings of $1.56 per share in the same quarter last year, which suggests a negative year over year growth rate of 26.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, May 30th.

According to Zacks, analysts expect that Pampa Energia will report full year earnings of $4.20 per share for the current year, with EPS estimates ranging from $4.07 to $4.33. For the next financial year, analysts expect that the business will report earnings of $6.52 per share, with EPS estimates ranging from $4.78 to $8.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Pampa Energia.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine downgraded shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.00.

NYSE:PAM traded up $0.14 during trading hours on Wednesday, reaching $25.34. The company had a trading volume of 524,897 shares, compared to its average volume of 443,780. Pampa Energia has a one year low of $24.93 and a one year high of $60.09. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 7.14 and a beta of 0.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.29 and a quick ratio of 1.17.

Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its holdings in Pampa Energia by 1,844.9% during the 3rd quarter. Morgan Stanley now owns 732,179 shares of the utilities provider’s stock worth $22,734,000 after purchasing an additional 694,533 shares in the last quarter. TT International grew its position in Pampa Energia by 59.9% in the fourth quarter. TT International now owns 1,751,889 shares of the utilities provider’s stock valued at $55,727,000 after acquiring an additional 656,336 shares in the last quarter. Millennium Management LLC raised its stake in shares of Pampa Energia by 161.2% during the fourth quarter. Millennium Management LLC now owns 219,307 shares of the utilities provider’s stock valued at $6,976,000 after purchasing an additional 135,336 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Pampa Energia during the third quarter valued at approximately $3,540,000. Finally, Standard Life Aberdeen plc acquired a new position in shares of Pampa Energia during the third quarter worth $3,242,000. Institutional investors own 35.21% of the company’s stock.

About Pampa Energia

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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