Bank of America Analysts Give Pampa Energia (PAM) a $55.00 Price Target

Pampa Energia (NYSE:PAM) has been given a $55.00 price objective by stock analysts at Bank of America in a report released on Friday. The brokerage presently has a “buy” rating on the utilities provider’s stock. Bank of America’s price target points to a potential upside of 88.36% from the company’s previous close.

Several other equities research analysts have also commented on PAM. Zacks Investment Research lowered shares of Pampa Energia from a “hold” rating to a “sell” rating in a report on Saturday, June 30th. Credit Suisse Group assumed coverage on shares of Pampa Energia in a report on Thursday, July 12th. They issued an “underperform” rating on the stock. ValuEngine lowered shares of Pampa Energia from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. JPMorgan Chase & Co. assumed coverage on shares of Pampa Energia in a report on Tuesday, July 31st. They issued an “overweight” rating and a $65.00 price target on the stock. Finally, HSBC assumed coverage on shares of Pampa Energia in a report on Thursday, August 30th. They issued a “buy” rating and a $40.00 price target on the stock. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $59.60.

Shares of PAM opened at $29.20 on Friday. The firm has a market cap of $2.18 billion, a PE ratio of 8.23, a P/E/G ratio of 0.28 and a beta of 1.22. The company has a debt-to-equity ratio of 4.87, a quick ratio of 1.33 and a current ratio of 1.44. Pampa Energia has a 1-year low of $24.93 and a 1-year high of $72.98.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Monday, August 13th. The utilities provider reported ($2.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.14) by ($1.70). Pampa Energia had a net margin of 5.30% and a return on equity of 8.21%. The company had revenue of $882.57 million for the quarter. sell-side analysts anticipate that Pampa Energia will post 3.67 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Carmignac Gestion raised its position in shares of Pampa Energia by 35.5% in the first quarter. Carmignac Gestion now owns 3,066,345 shares of the utilities provider’s stock worth $182,754,000 after acquiring an additional 802,964 shares during the period. Serengeti Asset Management LP raised its position in shares of Pampa Energia by 232.5% in the second quarter. Serengeti Asset Management LP now owns 665,000 shares of the utilities provider’s stock worth $23,787,000 after acquiring an additional 465,000 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Pampa Energia in the second quarter worth about $16,603,000. Millennium Management LLC raised its position in shares of Pampa Energia by 217.1% in the second quarter. Millennium Management LLC now owns 422,010 shares of the utilities provider’s stock worth $15,095,000 after acquiring an additional 288,946 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Pampa Energia in the second quarter worth about $6,714,000. 36.12% of the stock is currently owned by institutional investors.

Pampa Energia Company Profile

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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Analyst Recommendations for Pampa Energia (NYSE:PAM)

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