Pampa Energía (NYSE:PAM) PT Lowered to $51.00 at Citigroup

Pampa Energía (NYSE:PAM) had its target price trimmed by Citigroup from $55.00 to $51.00 in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

Separately, StockNews.com downgraded Pampa Energía from a buy rating to a hold rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $41.33.

Pampa Energía Trading Up 2.8 %

Shares of NYSE:PAM opened at $43.08 on Wednesday. The company has a market cap of $2.35 billion, a P/E ratio of 7.88, a PEG ratio of 0.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.56 and a quick ratio of 2.16. Pampa Energía has a 1 year low of $32.10 and a 1 year high of $52.17. The stock’s fifty day moving average price is $42.66 and its 200-day moving average price is $43.70.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.44) by ($1.46). The business had revenue of $362.00 million for the quarter, compared to the consensus estimate of $395.56 million. Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. Sell-side analysts expect that Pampa Energía will post 7.02 earnings per share for the current year.

Institutional Trading of Pampa Energía

A number of hedge funds and other institutional investors have recently bought and sold shares of PAM. GAMMA Investing LLC purchased a new stake in Pampa Energía in the fourth quarter worth about $41,000. SPX Gestao de Recursos Ltda purchased a new stake in Pampa Energía in the fourth quarter worth about $44,000. Tower Research Capital LLC TRC increased its position in Pampa Energía by 295.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,186 shares of the utilities provider’s stock worth $51,000 after buying an additional 886 shares in the last quarter. UBS Group AG increased its position in Pampa Energía by 106.0% in the third quarter. UBS Group AG now owns 3,757 shares of the utilities provider’s stock worth $85,000 after buying an additional 1,933 shares in the last quarter. Finally, Barclays PLC purchased a new stake in Pampa Energía in the second quarter worth about $87,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.