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

Pampa Energía (NYSE:PAM) had its price objective boosted by JPMorgan Chase & Co. from $59.00 to $93.50 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

Several other analysts have also commented on PAM. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $71.63.

Pampa Energía Trading Up 2.2 %

NYSE PAM opened at $94.71 on Friday. The company’s 50-day moving average price is $84.33 and its 200-day moving average price is $64.95. 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 stock has a market cap of $5.17 billion, a PE ratio of 14.57 and a beta of 0.94. Pampa Energía has a 12 month low of $38.15 and a 12 month high of $97.55.

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 analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. During the same period in the prior year, the firm earned $2.80 earnings per share. Equities research analysts forecast that Pampa Energía will post 8.65 earnings per share for the current year.

Institutional Trading of Pampa Energía

A number of hedge funds have recently added to or reduced their stakes in the company. Helikon Investments Ltd increased its stake in shares of Pampa Energía by 146.6% in the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after purchasing an additional 784,407 shares in the last quarter. Millennium Management LLC increased its position in shares of Pampa Energía by 428.0% during the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after purchasing an additional 509,487 shares in the last quarter. TT International Asset Management LTD boosted its stake in Pampa Energía by 797.4% during the 3rd quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock worth $20,646,000 after purchasing an additional 305,559 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in shares of Pampa Energía in the third quarter valued at about $8,552,000. Finally, Point72 Asset Management L.P. acquired a new stake in Pampa Energía in the 3rd quarter valued at about $2,738,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.