Pampa Energía (NYSE:PAM) Announces Earnings Results

Pampa Energía (NYSE:PAM) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.90 EPS for the quarter, Zacks reports. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%.

Pampa Energía Price Performance

Shares of NYSE:PAM traded up $1.77 during midday trading on Wednesday, reaching $77.48. The company’s stock had a trading volume of 179,697 shares, compared to its average volume of 288,786. Pampa Energía has a fifty-two week low of $38.15 and a fifty-two week high of $97.55. The business’s fifty day simple moving average is $85.15 and its 200-day simple moving average is $74.67. The company has a market capitalization of $4.23 billion, a P/E ratio of 11.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

Analyst Ratings Changes

PAM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a report on Friday, January 10th. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $71.63.

About Pampa Energía

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.