Pampa Energía (NYSE:PAM) Price Target Raised to $93.50

Pampa Energía (NYSE:PAM) had its price objective lifted by JPMorgan Chase & Co. from $59.00 to $93.50 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

PAM has been the subject of several other reports. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Pampa Energía currently has a consensus rating of “Hold” and an average target price of $71.63.

Pampa Energía Stock Performance

Pampa Energía stock opened at $94.71 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.17 billion, a P/E ratio of 14.57 and a beta of 0.94. Pampa Energía has a 1-year low of $38.15 and a 1-year high of $97.55. The firm has a 50-day moving average of $83.75 and a 200-day moving average of $64.46.

Pampa Energía (NYSE:PAM) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.95. The business had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter last year, the business posted $2.80 EPS. Sell-side analysts expect that Pampa Energía will post 8.65 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAM. Blue Trust Inc. boosted its stake in Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Pampa Energía in the second quarter worth approximately $37,000. GAMMA Investing LLC grew its holdings in shares of Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after buying an additional 345 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 1,059 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after acquiring an additional 526 shares during the last quarter. 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.