Pampa Energía (NYSE:PAM) Sets New 1-Year High – Here’s Why

Pampa Energía S.A. (NYSE:PAM)’s share price reached a new 52-week high on Monday . The company traded as high as $79.93 and last traded at $79.76, with a volume of 58003 shares trading hands. The stock had previously closed at $76.38.

Analyst Ratings Changes

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

Pampa Energía Stock Down 0.8 %

The stock has a fifty day simple moving average of $65.37 and a two-hundred day simple moving average of $53.98. The firm has a market cap of $4.33 billion, a PE ratio of 12.22 and a beta of 0.88. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

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

Institutional Investors Weigh In On Pampa Energía

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its stake in Pampa Energía by 158.1% in 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 during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Pampa Energía during the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC purchased a new position in Pampa Energía in the 1st quarter worth approximately $52,000. GAMMA Investing LLC grew its stake in Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Pampa Energía by 144.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock worth $87,000 after buying an additional 1,166 shares during the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.