HSBC upgrades Pampa Energia stock rating on oil price outlook

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices rise 6% on Iraq tanker attacks, Oman port disruption Oil spikes above $100 a barrel; Adobe to report - what’s moving markets Gold prices dip below $5,200/oz as Iran war boosts oil, dollar Bank of America 2026 oil outlook: New price target issued 🎯 (South Africa Philippines Nigeria) 🎯 HSBC upgrades Pampa Energia stock rating on oil price outlook By Analyst Ratings Published 03/12/2026, 05:27 AM HSBC upgrades Pampa Energia stock rating on oil price outlook 0 CL 5.48% PAM 2.16% Investing.com - HSBC upgraded Pampa Energia S.A. (NYSE:PAM) to Buy from Hold and raised its price target to $97 from $88. This aligns with the broader analyst consensus of Buy, with price targets ranging from $88 to $140, according to InvestingPro data. Analyst Lilyanna Yang cited the company’s assets and management’s investment discipline as reasons for the upgrade. The firm is more optimistic on valuation due to higher Brent forecasts relative to the company’s investments in Rincon de Aranda crude field. Pampa Energia has already hedged volumes for 2026 at $66 per barrel. HSBC sees approximately 22% implied upside to its revised price target. The firm also identified possible improvements in Argentina’s macroeconomic outlook as upside catalysts for Pampa Energia. HSBC uses a 12.5% weighted average cost of capital for Pampa’s discounted cash flow-based fair equity value calculations of the upstream segment. This compares to a 10% weighted average cost of capital used for Petrobras or Ecopetrol in HSBC’s analysis. In other recent news, Pampa Energía SA reported impressive financial results for the fourth quarter of 2025, exceeding both earnings and revenue forecasts. The company achieved an earnings per share of $3, which was significantly higher than the projected $1.25, representing a 140% surprise. Additionally, Pampa Energía’s revenue reached $507 million, surpassing the expected $479.55 million by 5.72%. These results in...