Pampa Energia (NYSE:PAM) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Pampa Energia (NYSE:PAM) from a hold rating to a sell rating in a report released on Sunday.

PAM has been the subject of several other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a report on Wednesday, October 8th. Zacks Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pampa Energia has an average rating of “Reduce” and a consensus price target of $92.75.

Pampa Energia Price Performance

Pampa Energia stock opened at $78.21 on Friday. Pampa Energia has a 12 month low of $54.95 and a 12 month high of $97.55. The business’s fifty day simple moving average is $63.90 and its two-hundred day simple moving average is $71.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.35 by ($1.65). The company had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. Equities analysts expect that Pampa Energia will post 9.33 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energia

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Pampa Energia by 8.2% in 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 buying an additional 45,653 shares in the last quarter. Helikon Investments Ltd increased its holdings in Pampa Energia by 11.2% in the 1st quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider’s stock worth $38,027,000 after buying an additional 49,709 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in Pampa Energia by 42.4% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 304,174 shares of the utilities provider’s stock worth $21,104,000 after buying an additional 90,500 shares in the last quarter. Millennium Management LLC increased its holdings in Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after buying an additional 74,841 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in Pampa Energia by 11.6% in the 2nd 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. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energia

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.