Pampa Energía (NYSE:PAM) Hits New 1-Year High – What’s Next?

Pampa Energía S.A. (NYSE:PAM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $71.99 and last traded at $71.99, with a volume of 1357 shares. The stock had previously closed at $68.61.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PAM shares. Bank of America lifted their price objective on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. increased their price objective on shares of Pampa Energía from $47.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.75.

Pampa Energía Price Performance

The business has a fifty day simple moving average of $59.59 and a 200-day simple moving average of $50.82. The stock has a market capitalization of $3.74 billion, a P/E ratio of 8.78 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The business had revenue of $500.00 million during the quarter, compared to analysts’ expectations of $479.17 million. Sell-side analysts expect that Pampa Energía S.A. will post 8.91 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Pampa Energía in the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC acquired a new stake in Pampa Energía in the 1st quarter valued at $52,000. Headlands Technologies LLC bought a new stake in Pampa Energía during the 1st quarter valued at $69,000. Finally, GAMMA Investing LLC raised its holdings in Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares during the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.