Pampa Energia S.A. (PAM) Expected to Announce Earnings of $0.74 Per Share

Equities research analysts forecast that Pampa Energia S.A. (NYSE:PAM) will report earnings per share of $0.74 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Pampa Energia’s earnings. Pampa Energia reported earnings per share of $0.86 during the same quarter last year, which suggests a negative year-over-year growth rate of 14%. The company is expected to announce its next quarterly earnings report on Tuesday, March 13th.

On average, analysts expect that Pampa Energia will report full-year earnings of $3.32 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.33. For the next year, analysts anticipate that the company will post earnings of $5.04 per share, with EPS estimates ranging from $4.43 to $5.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Pampa Energia.

Several equities research analysts have issued reports on PAM shares. Morgan Stanley started coverage on Pampa Energia in a report on Tuesday, September 19th. They issued an “equal weight” rating and a $69.00 price target for the company. ValuEngine downgraded Pampa Energia from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research downgraded Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 28th. Finally, Santander upgraded Pampa Energia from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Pampa Energia currently has a consensus rating of “Hold” and an average price target of $74.00.

Shares of Pampa Energia (NYSE:PAM) opened at $69.29 on Wednesday. Pampa Energia has a fifty-two week low of $35.52 and a fifty-two week high of $71.39. The stock has a market capitalization of $5,060.66, a PE ratio of 20.75 and a beta of 1.12. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 1.81.

Several institutional investors have recently made changes to their positions in PAM. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Pampa Energia by 10.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,500 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 500 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Pampa Energia during the second quarter worth about $159,000. Fiera Capital Corp bought a new position in shares of Pampa Energia during the second quarter worth about $14,702,000. Dorsey Wright & Associates grew its holdings in shares of Pampa Energia by 51.8% during the second quarter. Dorsey Wright & Associates now owns 109,514 shares of the utilities provider’s stock worth $2,822,000 after buying an additional 37,358 shares in the last quarter. Finally, Investec Asset Management LTD grew its holdings in shares of Pampa Energia by 111.9% during the second quarter. Investec Asset Management LTD now owns 21,508 shares of the utilities provider’s stock worth $1,266,000 after buying an additional 11,359 shares in the last quarter. Institutional investors own 44.17% of the company’s stock.

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About Pampa Energia

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.

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