Pampa Energía (NYSE:PAM) Reaches New 52-Week High – What’s Next?

Pampa Energía S.A. (NYSE:PAM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $90.92 and last traded at $90.52, with a volume of 314084 shares traded. The stock had previously closed at $86.73.

Analyst Ratings Changes

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

Pampa Energía Trading Up 4.4 %

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 stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 13.34 and a beta of 0.96. The company’s 50-day moving average is $73.03 and its 200-day moving average is $57.95.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $517.71 million. During the same period in the prior year, the business posted $2.80 earnings per share. Research analysts anticipate that Pampa Energía S.A. will post 8.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAM. Blue Trust Inc. increased its stake in Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Pampa Energía during the 2nd quarter worth approximately $37,000. GAMMA Investing LLC boosted its position in Pampa Energía by 32.7% in the 3rd 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. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Pampa Energía by 144.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock worth $87,000 after acquiring an additional 1,166 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 1,059 shares during the period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.