Pampa Energía (NYSE:PAM) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Pampa Energía (NYSE:PAMFree Report) from a buy rating to a hold rating in a research note released on Thursday.

Separately, JPMorgan Chase & Co. raised Pampa Energía from an underweight rating to a neutral rating and increased their price objective for the company from $33.00 to $43.00 in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $36.50.

Read Our Latest Research Report on Pampa Energía

Pampa Energía Stock Up 1.2 %

Shares of PAM stock opened at $39.64 on Thursday. The stock’s 50-day simple moving average is $44.56 and its 200-day simple moving average is $43.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.16 and a current ratio of 2.56. The firm has a market capitalization of $2.16 billion, a PE ratio of 7.25, a P/E/G ratio of 0.36 and a beta of 0.95. Pampa Energía has a fifty-two week low of $26.95 and a fifty-two week high of $52.17.

Institutional Trading of Pampa Energía

Hedge funds and other institutional investors have recently bought and sold shares of the stock. QP Wealth Management LLC grew its holdings in Pampa Energía by 10.6% in the third quarter. QP Wealth Management LLC now owns 5,725 shares of the utilities provider’s stock valued at $214,000 after purchasing an additional 550 shares during the period. Dfpg Investments LLC grew its holdings in Pampa Energía by 5.7% in the fourth quarter. Dfpg Investments LLC now owns 14,194 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 767 shares during the period. Csenge Advisory Group grew its holdings in Pampa Energía by 4.0% in the third quarter. Csenge Advisory Group now owns 21,004 shares of the utilities provider’s stock valued at $785,000 after purchasing an additional 814 shares during the period. GAMMA Investing LLC acquired a new stake in Pampa Energía in the fourth quarter valued at approximately $41,000. Finally, SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energía in the fourth quarter valued at approximately $44,000. 12.86% of the stock is owned by institutional investors and hedge funds.

About Pampa Energía

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Pampa Energía SA operates as an independent energy integrated company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal generation plants, thermal gas-fired thermal generation plants, and hydroelectric power generation systems, as well as through a wind farm.

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