Pampa Energía (NYSE:PAM) Announces Earnings Results

Pampa Energía (NYSE:PAM) issued its quarterly earnings results on Wednesday. The utilities provider reported $1.90 EPS for the quarter, Zacks reports. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%.

Pampa Energía Trading Up 2.3 %

PAM traded up $1.77 during midday trading on Wednesday, reaching $77.48. 177,085 shares of the company’s stock traded hands, compared to its average volume of 288,783. Pampa Energía has a 52 week low of $38.15 and a 52 week high of $97.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The firm has a fifty day moving average of $85.15 and a two-hundred day moving average of $74.67. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 11.92 and a beta of 0.92.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PAM shares. JPMorgan Chase & Co. increased their target price on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.63.

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.