Brokerages Expect Pampa Energia S.A. (PAM) to Post $0.74 EPS

Equities analysts expect Pampa Energia S.A. (NYSE:PAM) to report earnings of $0.74 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Pampa Energia’s earnings. Pampa Energia reported earnings of $0.86 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 14%. The firm is scheduled to issue its next earnings results on Tuesday, March 13th.

According to Zacks, analysts expect that Pampa Energia will report full year earnings of $3.32 per share for the current year, with EPS estimates ranging from $3.30 to $3.33. For the next fiscal year, analysts anticipate that the business will post earnings of $5.04 per share, with EPS estimates ranging from $4.43 to $5.65. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Pampa Energia.

A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 28th. ValuEngine cut Pampa Energia from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Morgan Stanley assumed coverage on Pampa Energia in a research note on Tuesday, September 19th. They set an “equal weight” rating and a $69.00 price objective on the stock. Finally, Santander raised Pampa Energia from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $74.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in 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 buying an additional 500 shares during the period. Advisor Group Inc. lifted its holdings in Pampa Energia by 11.6% in the third quarter. Advisor Group Inc. now owns 7,315 shares of the utilities provider’s stock worth $476,000 after buying an additional 760 shares during the period. Fisher Asset Management LLC lifted its holdings in Pampa Energia by 12.6% in the third quarter. Fisher Asset Management LLC now owns 10,698 shares of the utilities provider’s stock worth $696,000 after buying an additional 1,198 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Pampa Energia by 70.0% in the third quarter. Envestnet Asset Management Inc. now owns 3,139 shares of the utilities provider’s stock worth $204,000 after buying an additional 1,292 shares during the period. Finally, Alpine Global Management LLC lifted its holdings in Pampa Energia by 29.3% in the second quarter. Alpine Global Management LLC now owns 9,553 shares of the utilities provider’s stock worth $562,000 after buying an additional 2,166 shares during the period. 44.17% of the stock is currently owned by institutional investors.

Shares of Pampa Energia (NYSE PAM) traded up $1.88 during mid-day trading on Wednesday, hitting $69.16. The company had a trading volume of 322,300 shares, compared to its average volume of 215,900. Pampa Energia has a one year low of $35.52 and a one year high of $71.39. The stock has a market capitalization of $4,942.39, a P/E ratio of 20.83 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.

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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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