Zacks Investment Research cut shares of Pampa Energia (NYSE:PAM) from a hold rating to a strong sell rating in a research report sent to investors on Thursday, September 20th.

According to Zacks, “Pampa Energía S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina. “

A number of other research analysts have also recently issued reports on the stock. Bank of America set a $55.00 target price on shares of Pampa Energia and gave the company a buy rating in a report on Friday, September 14th. HSBC started coverage on shares of Pampa Energia in a research note on Thursday, August 30th. They set a buy rating and a $40.00 price objective for the company. ValuEngine raised shares of Pampa Energia from a sell rating to a hold rating in a research note on Wednesday, September 19th. JPMorgan Chase & Co. started coverage on shares of Pampa Energia in a research note on Tuesday, July 31st. They set an overweight rating and a $65.00 price objective for the company. Finally, Credit Suisse Group started coverage on shares of Pampa Energia in a research note on Thursday, July 12th. They set an underperform rating for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $59.60.

NYSE:PAM traded up $1.37 during mid-day trading on Thursday, reaching $29.98. The stock had a trading volume of 441,245 shares, compared to its average volume of 447,727. The company has a quick ratio of 1.33, a current ratio of 1.44 and a debt-to-equity ratio of 4.87. The company has a market cap of $2.28 billion, a P/E ratio of 8.45 and a beta of 1.11. Pampa Energia has a twelve month low of $24.93 and a twelve month high of $72.98.

Pampa Energia (NYSE:PAM) last issued its earnings results on Monday, August 13th. The utilities provider reported ($2.84) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.14) by ($1.70). Pampa Energia had a net margin of 5.30% and a return on equity of 8.21%. The company had revenue of $882.57 million during the quarter. Analysts expect that Pampa Energia will post -1.24 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Compass Group LLC grew its stake in Pampa Energia by 56.2% in the 2nd quarter. Compass Group LLC now owns 293,505 shares of the utilities provider’s stock worth $10,490,000 after acquiring an additional 105,588 shares during the period. Bienville Capital Management LLC boosted its holdings in shares of Pampa Energia by 60.6% in the 2nd quarter. Bienville Capital Management LLC now owns 421,827 shares of the utilities provider’s stock valued at $15,089,000 after purchasing an additional 159,203 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Pampa Energia by 729.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 24,840 shares of the utilities provider’s stock valued at $889,000 after purchasing an additional 21,844 shares during the last quarter. Comerica Bank boosted its holdings in shares of Pampa Energia by 60.1% in the 2nd quarter. Comerica Bank now owns 5,908 shares of the utilities provider’s stock valued at $222,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Pampa Energia by 217.1% in the 2nd quarter. Millennium Management LLC now owns 422,010 shares of the utilities provider’s stock valued at $15,095,000 after purchasing an additional 288,946 shares during the last quarter. 36.12% of the stock is owned by hedge funds and other institutional investors.

About Pampa Energia

Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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