Pampa Energía (NYSE:PAM) Reaches New 12-Month High – Here’s Why

Pampa Energía S.A. (NYSE:PAM)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $94.48 and last traded at $94.20, with a volume of 155595 shares changing hands. The stock had previously closed at $87.94.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PAM shares. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and increased their target price for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Bank of America boosted their price target on Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price objective on Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.00.

Pampa Energía Stock Up 0.5 %

The firm has a market cap of $5.10 billion, a P/E ratio of 14.39 and a beta of 0.96. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $81.62 and a 200-day moving average price of $63.11.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. During the same quarter last year, the company earned $2.80 earnings per share. On average, equities analysts forecast that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Pampa Energía by 158.1% during the 3rd 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 second quarter valued at about $37,000. GAMMA Investing LLC grew 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 acquiring an additional 345 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 526 shares during the period. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.