Pampa Energia (NYSE:PAM) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Pampa Energia (NYSE:PAM) from a sell rating to a strong sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Other equities research analysts have also issued research reports about the stock. Citigroup lowered shares of Pampa Energia from a buy rating to a neutral rating in a report on Monday, July 1st. TheStreet raised shares of Pampa Energia from a d+ rating to a c rating in a report on Wednesday, June 26th. Finally, Zacks Investment Research lowered shares of Pampa Energia from a hold rating to a strong sell rating in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $42.50.

PAM stock traded up $0.21 on Thursday, reaching $32.24. 378,447 shares of the company were exchanged, compared to its average volume of 343,372. Pampa Energia has a 12 month low of $19.50 and a 12 month high of $40.76. The company has a fifty day simple moving average of $33.60. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -21.07 and a beta of 0.60. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.97.

Pampa Energia (NYSE:PAM) last announced its earnings results on Friday, May 10th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.01) by $2.96. Pampa Energia had a net margin of 0.88% and a negative return on equity of 6.38%. The business had revenue of $687.62 million for the quarter. On average, sell-side analysts anticipate that Pampa Energia will post 2.64 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its position in Pampa Energia by 14.9% in the fourth quarter. Northern Trust Corp now owns 100,165 shares of the utilities provider’s stock valued at $3,187,000 after acquiring an additional 13,012 shares during the last quarter. Barclays PLC purchased a new stake in Pampa Energia in the fourth quarter valued at $124,000. Jane Street Group LLC purchased a new stake in Pampa Energia in the fourth quarter valued at $481,000. Legal & General Group Plc lifted its position in Pampa Energia by 213.9% in the fourth quarter. Legal & General Group Plc now owns 49,049 shares of the utilities provider’s stock valued at $1,560,000 after acquiring an additional 33,424 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Pampa Energia by 161.2% in the fourth quarter. Millennium Management LLC now owns 219,307 shares of the utilities provider’s stock valued at $6,976,000 after acquiring an additional 135,336 shares during the last quarter. 37.45% of the stock is currently 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.

Recommended Story: Bond

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Pampa Energia (NYSE:PAM)

Receive News & Ratings for Pampa Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pampa Energia and related companies with MarketBeat.com's FREE daily email newsletter.