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

Pampa Energía S.A. (NYSE:PAM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $64.69 and last traded at $64.68, with a volume of 39922 shares trading hands. The stock had previously closed at $63.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PAM shares. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price objective on Pampa Energía from $47.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Bank of America lifted 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. Finally, Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.75.

Pampa Energía Stock Performance

The stock has a 50-day moving average of $56.01 and a 200-day moving average of $49.14. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 8.32 and a beta of 0.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33.

Pampa Energía (NYSE:PAM) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. The business had revenue of $500.00 million for 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%. As a group, analysts anticipate that Pampa Energía S.A. will post 9.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAM. Claro Advisors LLC increased its position in shares of Pampa Energía by 6.0% during the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 286 shares during the last quarter. Helikon Investments Ltd increased its holdings in shares of Pampa Energía by 20.2% during the 1st quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock worth $32,272,000 after acquiring an additional 125,519 shares during the last quarter. Norden Group LLC acquired a new position in shares of Pampa Energía during the 1st quarter worth approximately $312,000. Marshall Financial Group LLC increased its holdings in shares of Pampa Energía by 8.2% during the 1st quarter. Marshall Financial Group LLC now owns 22,570 shares of the utilities provider’s stock worth $974,000 after acquiring an additional 1,704 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in shares of Pampa Energía during the 1st quarter worth approximately $688,000. 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.