Pampa Energia (PAM) Downgraded by Zacks Investment Research

Pampa Energia (NYSE:PAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Pampa Energía S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina. “

Separately, ValuEngine lowered shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $43.75.

PAM opened at $21.48 on Tuesday. The stock has a market cap of $1.75 billion, a P/E ratio of -14.04 and a beta of 0.74. Pampa Energia has a fifty-two week low of $21.44 and a fifty-two week high of $57.81. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in Pampa Energia during the fourth quarter worth about $69,000. NumerixS Investment Technologies Inc acquired a new stake in Pampa Energia during the fourth quarter worth about $106,000. Barclays PLC acquired a new stake in Pampa Energia during the fourth quarter worth about $124,000. Virtu Financial LLC acquired a new stake in Pampa Energia during the first quarter worth about $213,000. Finally, Jane Street Group LLC acquired a new stake in Pampa Energia during the fourth quarter worth about $481,000. Hedge funds and other institutional investors own 35.32% of the company’s stock.

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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