Shares of Pampa Energia S.A. (NYSE:PAM) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $65.00 for the company, according to Zacks. Zacks has also assigned Pampa Energia an industry rank of 186 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Pampa Energia from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th.
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Shares of Pampa Energia (NYSE:PAM) traded up 4.36% during midday trading on Tuesday, reaching $59.56. The company’s stock had a trading volume of 236,138 shares. The firm’s market capitalization is $4.38 billion. The company’s 50-day moving average price is $57.41 and its 200 day moving average price is $45.34. Pampa Energia has a 1-year low of $20.92 and a 1-year high of $60.67.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Pampa Energia by 7.7% in the first quarter. Wellington Management Group LLP now owns 768,727 shares of the utilities provider’s stock valued at $41,681,000 after buying an additional 54,835 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Pampa Energia by 140.7% in the first quarter. William Blair Investment Management LLC now owns 733,025 shares of the utilities provider’s stock valued at $39,745,000 after buying an additional 428,429 shares during the period. USS Investment Management Ltd bought a new stake in shares of Pampa Energia during the first quarter valued at about $17,880,000. JPMorgan Chase & Co. increased its stake in shares of Pampa Energia by 80.5% in the first quarter. JPMorgan Chase & Co. now owns 1,783,747 shares of the utilities provider’s stock valued at $96,715,000 after buying an additional 795,743 shares during the period. Finally, Blockhouse Capital Management LP bought a new stake in shares of Pampa Energia during the first quarter valued at about $3,497,000. Institutional investors own 34.72% of the company’s stock.
Pampa Energia Company Profile
Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.
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