Pampa Energia (PAM) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Pampa Energia (NYSE:PAM) from a strong sell rating to a hold rating in a research report report published on Saturday.

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. “

Several other analysts have also recently issued reports on PAM. ValuEngine cut shares of Pampa Energia from a buy rating to a hold rating in a research note on Wednesday, September 27th. Santander raised shares of Pampa Energia from a hold rating to a buy rating in a research note on Friday, December 15th. Finally, Morgan Stanley began coverage on shares of Pampa Energia in a research note on Tuesday, September 19th. They set an equal weight rating and a $69.00 price objective for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $72.00.

Shares of Pampa Energia (NYSE PAM) traded up $0.08 during midday trading on Friday, hitting $67.43. 201,888 shares of the stock traded hands, compared to its average volume of 284,660. Pampa Energia has a one year low of $31.52 and a one year high of $71.39. The stock has a market cap of $4,960.00, a PE ratio of 21.68 and a beta of 1.11. 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 and other institutional investors have recently made changes to their positions in the company. TT International grew its stake in shares of Pampa Energia by 127.5% during the 3rd quarter. TT International now owns 659,270 shares of the utilities provider’s stock valued at $42,918,000 after buying an additional 369,430 shares during the period. RWC Asset Management LLP lifted its holdings in shares of Pampa Energia by 9.1% during the 3rd quarter. RWC Asset Management LLP now owns 177,111 shares of the utilities provider’s stock valued at $11,530,000 after acquiring an additional 14,764 shares in the last quarter. Bienville Capital Management LLC lifted its holdings in shares of Pampa Energia by 45.8% during the 3rd quarter. Bienville Capital Management LLC now owns 389,409 shares of the utilities provider’s stock valued at $25,350,000 after acquiring an additional 122,381 shares in the last quarter. OZ Management LP lifted its holdings in shares of Pampa Energia by 3.1% during the 3rd quarter. OZ Management LP now owns 748,191 shares of the utilities provider’s stock valued at $48,708,000 after acquiring an additional 22,719 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Pampa Energia by 70.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,139 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,292 shares in the last quarter. 44.17% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.com-unik.info/2017/12/24/pampa-energia-pam-upgraded-to-hold-at-zacks-investment-research.html.

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.

Receive News & Ratings for Pampa Energia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pampa Energia and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit