Pampa Energía (NYSE:PAM – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.
Separately, JPMorgan Chase & Co. upgraded Pampa Energía from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $33.00 to $43.00 in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Pampa Energía has an average rating of “Hold” and a consensus price target of $36.50.
Pampa Energía Trading Down 0.4 %
PAM traded down $0.15 on Thursday, hitting $39.01. The company had a trading volume of 203,844 shares, compared to its average volume of 168,523. The company has a market cap of $2.13 billion, a PE ratio of 7.15, a PEG ratio of 0.36 and a beta of 0.95. Pampa Energía has a 12-month low of $26.86 and a 12-month high of $52.17. The company has a quick ratio of 2.16, a current ratio of 2.56 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $44.90 and its 200 day simple moving average is $43.40.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Quadrature Capital Ltd boosted its position in shares of Pampa Energía by 219.6% during the third quarter. Quadrature Capital Ltd now owns 56,662 shares of the utilities provider’s stock valued at $2,114,000 after buying an additional 38,934 shares during the period. Helikon Investments Ltd boosted its position in shares of Pampa Energía by 44.7% during the third quarter. Helikon Investments Ltd now owns 471,566 shares of the utilities provider’s stock valued at $17,618,000 after buying an additional 145,702 shares during the period. Itau Unibanco Holding S.A. boosted its position in shares of Pampa Energía by 3.5% during the third quarter. Itau Unibanco Holding S.A. now owns 138,849 shares of the utilities provider’s stock valued at $5,187,000 after buying an additional 4,740 shares during the period. Citigroup Inc. boosted its position in shares of Pampa Energía by 122.5% during the second quarter. Citigroup Inc. now owns 362,504 shares of the utilities provider’s stock valued at $15,704,000 after buying an additional 199,577 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of Pampa Energía by 9.8% during the third quarter. Whittier Trust Co. now owns 15,583 shares of the utilities provider’s stock valued at $582,000 after acquiring an additional 1,392 shares in the last quarter. Hedge funds and other institutional investors own 12.86% of the company’s stock.
Pampa Energía Company Profile
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.