Citigroup Cuts Pampa Energía (NYSE:PAM) Price Target to $51.00

Pampa Energía (NYSE:PAM) had its price target reduced by analysts at Citigroup from $55.00 to $51.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. Citigroup’s price target would suggest a potential upside of 21.52% from the stock’s current price.

Separately, StockNews.com cut shares of Pampa Energía from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.33.

Pampa Energía Stock Performance

Shares of PAM traded down $0.10 during trading hours on Wednesday, hitting $41.97. The stock had a trading volume of 179,854 shares, compared to its average volume of 257,301. 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 50-day moving average price of $42.76 and a 200 day moving average price of $43.68. Pampa Energía has a fifty-two week low of $32.10 and a fifty-two week high of $52.17. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.41 and a beta of 0.95.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, March 6th. The utilities provider reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.44) by ($1.46). Pampa Energía had a net margin of 17.45% and a return on equity of 10.84%. The firm had revenue of $362.00 million during the quarter, compared to analyst estimates of $395.56 million. As a group, research analysts anticipate that Pampa Energía will post 7.02 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in Pampa Energía during the fourth quarter worth $41,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energía during the fourth quarter worth $44,000. Tower Research Capital LLC TRC grew its holdings in shares of Pampa Energía by 295.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,186 shares of the utilities provider’s stock worth $51,000 after buying an additional 886 shares in the last quarter. UBS Group AG grew its holdings in shares of Pampa Energía by 106.0% during the third quarter. UBS Group AG now owns 3,757 shares of the utilities provider’s stock worth $85,000 after buying an additional 1,933 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of Pampa Energía during the second quarter worth $87,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energía Company Profile

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.