Pampa Energía (NYSE:PAM) Reaches New 52-Week High at $56.44

Pampa Energía S.A. (NYSE:PAM) shares hit a new 52-week high on Wednesday . The company traded as high as $56.44 and last traded at $56.28, with a volume of 34892 shares trading hands. The stock had previously closed at $54.86.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup upgraded shares of Pampa Energía from a “neutral” rating to a “buy” rating and boosted their price target for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. HSBC upgraded Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price on the stock in a report on Tuesday, May 21st. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.50.

Pampa Energía Stock Down 2.0 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.33 and a quick ratio of 2.01. The stock has a 50 day simple moving average of $48.27 and a 200-day simple moving average of $45.80. The firm has a market cap of $3.03 billion, a PE ratio of 7.26 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. The firm had revenue of $500.00 million during the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. Sell-side analysts predict that Pampa Energía S.A. will post 8.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

Hedge funds have recently added to or reduced their stakes in the company. Helikon Investments Ltd raised its stake in shares of Pampa Energía by 20.2% in the first quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock worth $32,272,000 after purchasing an additional 125,519 shares during the last quarter. Claro Advisors LLC lifted its stake in Pampa Energía by 6.0% during the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 286 shares during the period. Banco BTG Pactual S.A. boosted its holdings in shares of Pampa Energía by 472.8% during the 4th quarter. Banco BTG Pactual S.A. now owns 41,410 shares of the utilities provider’s stock valued at $2,015,000 after acquiring an additional 34,181 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Pampa Energía during the 1st quarter valued at about $69,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Pampa Energía in the first quarter worth approximately $52,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

About Pampa Energía

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.