Pampa Energia S.A. (PAM) Receives $49.00 Consensus Target Price from Brokerages

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Pampa Energia S.A. (NYSE:PAM) has received an average rating of “Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.75.

PAM has been the topic of several analyst reports. Zacks Investment Research raised shares of Pampa Energia from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 16th. ValuEngine lowered shares of Pampa Energia from a “buy” rating to a “hold” rating in a report on Friday, January 25th.

NYSE PAM traded down $0.77 on Friday, hitting $23.56. The stock had a trading volume of 728,747 shares, compared to its average volume of 419,302. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02. Pampa Energia has a 52-week low of $22.72 and a 52-week high of $59.18. The firm has a market capitalization of $1.80 billion, a P/E ratio of -15.40 and a beta of 0.74.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in shares of Pampa Energia during the fourth quarter valued at $69,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Pampa Energia during the fourth quarter valued at $106,000. Barclays PLC purchased a new stake in shares of Pampa Energia during the fourth quarter valued at $124,000. LSV Asset Management grew its holdings in shares of Pampa Energia by 28.8% during the fourth quarter. LSV Asset Management now owns 20,581 shares of the utilities provider’s stock valued at $654,000 after buying an additional 4,600 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Pampa Energia by 8.9% during the third quarter. FMR LLC now owns 57,343 shares of the utilities provider’s stock valued at $1,781,000 after buying an additional 4,686 shares during the last quarter. 35.32% of the stock is currently owned by hedge funds and other institutional investors.

About Pampa Energia

Pampa EnergĂ­a 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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