JPMorgan Chase & Co. Issues Positive Forecast for Pampa Energía (NYSE:PAM) Stock Price

Pampa Energía (NYSE:PAM) had its price target increased by stock analysts at JPMorgan Chase & Co. from $59.00 to $93.50 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 0.35% from the company’s previous close.

Other research analysts have also issued reports about the stock. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Price Performance

Shares of NYSE PAM traded up $0.49 during mid-day trading on Friday, hitting $93.17. 94,308 shares of the company’s stock traded hands, compared to its average volume of 288,060. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía has a 1 year low of $38.15 and a 1 year high of $97.55. The company’s 50-day moving average is $83.75 and its two-hundred day moving average is $64.46. The company has a market capitalization of $5.08 billion, a P/E ratio of 14.33 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. The business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same period in the prior year, the business posted $2.80 earnings per share. On average, equities analysts anticipate that Pampa Energía will post 8.65 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its position in Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Pampa Energía during the 2nd quarter valued at about $37,000. GAMMA Investing LLC lifted its position in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 345 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 1,059 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 526 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energía Company Profile

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.