Pampa Energía (NYSE:PAM) Upgraded to “Buy” by StockNews.com

Posted by on Oct 3rd, 2023

StockNews.com upgraded shares of Pampa Energía (NYSE:PAM – Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday.

PAM has been the topic of a number of other reports. Jefferies Financial Group assumed coverage on Pampa Energía in a research note on Thursday, September 21st. They set a buy rating on the stock. Bank of America assumed coverage on Pampa Energía in a research note on Wednesday, August 2nd. They set a buy rating on the stock. Finally, HSBC cut Pampa Energía from a hold rating to a reduce rating and set a $30.00 price objective on the stock. in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Pampa Energía currently has an average rating of Hold and an average target price of $30.00.

Read Our Latest Stock Report on PAM

Pampa Energía Stock Down 0.9 %

PAM opened at $37.02 on Monday. The stock has a market cap of $2.02 billion, a PE ratio of 3.41, a P/E/G ratio of 0.31 and a beta of 0.87. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.50. Pampa Energía has a 52 week low of $21.93 and a 52 week high of $48.79. The business’s fifty day simple moving average is $42.45 and its 200 day simple moving average is $39.12.

Pampa Energía (NYSE:PAM – Get Free Report) last released its earnings results on Wednesday, August 9th. The utilities provider reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $1.57. The business had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $435.14 million. Pampa Energía had a return on equity of 23.32% and a net margin of 32.22%. During the same quarter in the prior year, the firm earned $1.20 earnings per share. As a group, research analysts expect that Pampa Energía will post 8.21 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Pampa Energía by 31.6% in the first quarter. Envestnet Asset Management Inc. now owns 14,137 shares of the utilities provider’s stock worth $334,000 after buying an additional 3,393 shares during the period. Great West Life Assurance Co. Can purchased a new stake in Pampa Energía in the first quarter worth about $88,000. Renaissance Technologies LLC lifted its holdings in Pampa Energía by 143.5% in the first quarter. Renaissance Technologies LLC now owns 76,860 shares of the utilities provider’s stock worth $1,816,000 after buying an additional 45,300 shares during the period. UBS Group AG lifted its holdings in Pampa Energía by 726.1% in the first quarter. UBS Group AG now owns 4,560 shares of the utilities provider’s stock worth $108,000 after buying an additional 4,008 shares during the period. Finally, Eaton Vance Management lifted its holdings in Pampa Energía by 420,600.0% in the first quarter. Eaton Vance Management now owns 210,350 shares of the utilities provider’s stock worth $4,971,000 after buying an additional 210,300 shares during the period. 12.86% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energía Company Profile

(Get Free Report)

Pampa Energía SA operates as an independent energy integrated company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal generation plants, thermal gas-fired thermal generation plants, and hydroelectric power generation systems, as well as through a wind farm.

Further Reading

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