Pampa Energía (NYSE:PAM) Stock Price Up 5.6% – What’s Next?

Shares of Pampa Energía S.A. (NYSE:PAM) rose 5.6% during trading on Wednesday . The stock traded as high as $85.64 and last traded at $85.89. 224,201 shares were traded during trading, a decline of 28% from the average daily volume of 310,645 shares. The stock had previously closed at $81.30.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded Pampa Energía from a “buy” rating to a “neutral” rating and increased their price objective for the company from $58.00 to $75.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $71.63.

Pampa Energía Price Performance

The firm has a market capitalization of $4.75 billion, a P/E ratio of 13.40 and a beta of 0.94. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $87.90 and its 200-day moving average is $68.67.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. The firm had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same quarter in the prior year, the business earned $2.80 earnings per share. As a group, sell-side analysts predict that Pampa Energía S.A. will post 8.96 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in Pampa Energía during the 2nd quarter worth approximately $950,000. Millennium Management LLC raised its stake in Pampa Energía by 428.0% during the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after buying an additional 509,487 shares during the last quarter. Truist Financial Corp acquired a new position in Pampa Energía in the second quarter valued at $854,000. GAMMA Investing LLC lifted its holdings in Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after buying an additional 345 shares during the period. Finally, Claro Advisors LLC boosted its position in Pampa Energía by 253.9% during the third quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider’s stock valued at $1,091,000 after acquiring an additional 13,037 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.