Pampa Energia (NYSE:PAM) Releases Quarterly Earnings Results, Misses Estimates By $0.96 EPS

Pampa Energia (NYSE:PAM) released its quarterly earnings results on Tuesday. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.96), Zacks reports. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.

Pampa Energia Stock Down 0.6%

PAM traded down $0.57 during trading hours on Tuesday, hitting $88.01. 345,961 shares of the company’s stock were exchanged, compared to its average volume of 288,132. The firm has a market cap of $4.80 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 7.57 and a beta of 1.10. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $97.55. The company has a current ratio of 2.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $65.50 and a 200 day moving average of $71.32.

Analyst Ratings Changes

PAM has been the subject of several research analyst reports. Citigroup raised shares of Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Wednesday, October 8th. Zacks Research cut shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Finally, Wall Street Zen lowered Pampa Energia from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $103.25.

Institutional Trading of Pampa Energia

A number of large investors have recently modified their holdings of PAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pampa Energia by 8.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after purchasing an additional 45,653 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after buying an additional 74,841 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Pampa Energia by 11.6% during the second quarter. Balyasny Asset Management L.P. now owns 103,216 shares of the utilities provider’s stock worth $7,161,000 after buying an additional 10,703 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Pampa Energia by 30.7% during the second quarter. Cubist Systematic Strategies LLC now owns 58,577 shares of the utilities provider’s stock worth $4,064,000 after buying an additional 13,757 shares during the period. Finally, Marshall Wace LLP raised its holdings in Pampa Energia by 21.7% in the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after acquiring an additional 10,195 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia 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.