Zacks Investment Research cut shares of Pampa Energía (NYSE:PAM) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.
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. “
Shares of NYSE:PAM opened at $14.67 on Wednesday. Pampa Energía has a one year low of $9.33 and a one year high of $15.97. The stock has a fifty day moving average of $14.35 and a 200-day moving average of $13.83. The company has a market capitalization of $833.26 million, a PE ratio of 6.38 and a beta of 0.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.52 and a current ratio of 0.61.
Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, May 12th. The utilities provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.42. Pampa Energía had a positive return on equity of 6.68% and a negative net margin of 20.81%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $271.12 million. As a group, research analysts forecast that Pampa Energía will post 2.16 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eaton Vance Management purchased a new stake in shares of Pampa Energía in the fourth quarter valued at $3,667,000. Senvest Management LLC lifted its holdings in shares of Pampa Energía by 862.3% in the fourth quarter. Senvest Management LLC now owns 201,802 shares of the utilities provider’s stock valued at $2,781,000 after purchasing an additional 180,831 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Pampa Energía by 12.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,446 shares of the utilities provider’s stock valued at $1,817,000 after purchasing an additional 13,779 shares in the last quarter. Dumac Inc. purchased a new stake in shares of Pampa Energía in the fourth quarter valued at $1,285,000. Finally, FMR LLC lifted its holdings in shares of Pampa Energía by 24.1% in the first quarter. FMR LLC now owns 65,461 shares of the utilities provider’s stock valued at $1,805,000 after purchasing an additional 12,721 shares in the last quarter. Institutional investors own 15.98% of the company’s stock.
Pampa Energía Company Profile
Pampa EnergÃa SA, an integrated power company, engages in the generation and transmission of electricity in Argentina. It operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. The company generates electricity through combined thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
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