Pampa Energia (PAM) Upgraded by Santander to Buy

Pampa Energia (NYSE:PAM) was upgraded by equities research analysts at Santander from a “hold” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

A number of other research firms have also weighed in on PAM. Zacks Investment Research lowered Pampa Energia from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 28th. ValuEngine lowered Pampa Energia from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Morgan Stanley began coverage on Pampa Energia in a research note on Tuesday, September 19th. They set an “equal weight” rating and a $69.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $72.00.

Shares of Pampa Energia (NYSE PAM) opened at $63.49 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.27 and a quick ratio of 1.11. Pampa Energia has a 52 week low of $31.52 and a 52 week high of $71.39. The firm has a market capitalization of $4,696.30, a price-to-earnings ratio of 19.26 and a beta of 1.11.

Institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in shares of Pampa Energia by 32.1% during the second quarter. Creative Planning now owns 1,850 shares of the utilities provider’s stock valued at $109,000 after buying an additional 450 shares during the period. Pacad Investment Ltd. acquired a new stake in Pampa Energia in the second quarter worth about $159,000. Envestnet Asset Management Inc. boosted 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 acquiring an additional 1,292 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Pampa Energia during the second quarter worth about $220,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Pampa Energia during the first quarter worth about $235,000. Hedge funds and other institutional investors own 44.18% of the company’s stock.

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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.