Pampa Energía (NYSE:PAM) Announces Quarterly Earnings Results

Pampa Energía (NYSE:PAM) released its earnings results on Wednesday. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, Zacks reports. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%.

Pampa Energía Price Performance

Shares of Pampa Energía stock traded up $1.77 on Wednesday, reaching $77.48. The stock had a trading volume of 177,085 shares, compared to its average volume of 288,783. The business’s 50 day moving average is $85.15 and its two-hundred day moving average is $74.67. The company has a market cap of $4.23 billion, a P/E ratio of 11.92 and a beta of 0.92. Pampa Energía has a 1 year low of $38.15 and a 1 year high of $97.55. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

Several research firms have recently weighed in on PAM. JPMorgan Chase & Co. increased their price target on Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.63.

About Pampa Energía

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.