Pampa Energia (PAM) Cut to Hold at ValuEngine

ValuEngine cut shares of Pampa Energia (NYSE:PAM) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Several other brokerages also recently commented on PAM. Morgan Stanley initiated coverage on Pampa Energia in a report on Tuesday, September 19th. They set an equal weight rating and a $69.00 target price on the stock. Zacks Investment Research downgraded Pampa Energia from a hold rating to a strong sell rating in a report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $72.00.

Shares of Pampa Energia (PAM) traded down $1.57 on Friday, reaching $62.20. The company’s stock had a trading volume of 164,800 shares, compared to its average volume of 294,092. The firm has a market cap of $4,684.54, a P/E ratio of 19.21 and a beta of 1.11. Pampa Energia has a 52-week low of $31.52 and a 52-week high of $71.39. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.27 and a quick ratio of 1.11.

Several hedge funds have recently bought and sold shares of the company. TT International raised its position in shares of Pampa Energia by 127.5% in the 3rd quarter. TT International now owns 659,270 shares of the utilities provider’s stock worth $42,918,000 after acquiring an additional 369,430 shares in the last quarter. RWC Asset Management LLP raised its position in shares of Pampa Energia by 9.1% in the 3rd quarter. RWC Asset Management LLP now owns 177,111 shares of the utilities provider’s stock worth $11,530,000 after acquiring an additional 14,764 shares in the last quarter. Bienville Capital Management LLC raised its position in shares of Pampa Energia by 45.8% in the 3rd quarter. Bienville Capital Management LLC now owns 389,409 shares of the utilities provider’s stock worth $25,350,000 after acquiring an additional 122,381 shares in the last quarter. OZ Management LP raised its position in shares of Pampa Energia by 3.1% in the 3rd quarter. OZ Management LP now owns 748,191 shares of the utilities provider’s stock worth $48,708,000 after acquiring an additional 22,719 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Pampa Energia by 70.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,139 shares of the utilities provider’s stock worth $204,000 after acquiring an additional 1,292 shares in the last quarter. 44.18% of the stock is owned by hedge funds and other institutional investors.

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Pampa Energia Company Profile

Pampa Energia SA is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its segments include generation, transmission, distribution, oil and gas, and holding and others. Its generation segment includes a direct and indirect equity interest in Central Piedra Buena SA, Central Termica Guemes SA, Central Termica Loma de la Lata SA and Pampa Comercializadora S.A, among others, and investments in companies in the electricity generation sector.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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