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

Shares of Pampa Energía S.A. (NYSE:PAM) reached a new 52-week high during trading on Tuesday . The company traded as high as $71.43 and last traded at $70.75, with a volume of 179588 shares. The stock had previously closed at $71.07.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PAM shares. Citigroup downgraded shares of Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $58.00 to $75.00 in a report on Friday, November 1st. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday. 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. Finally, JPMorgan Chase & Co. upped their target price on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pampa Energía presently has a consensus rating of “Hold” and an average price target of $63.00.

Pampa Energía Stock Up 2.5 %

The stock’s fifty day moving average is $64.08 and its 200 day moving average is $53.19. The company has a market capitalization of $4.14 billion, a P/E ratio of 11.67 and a beta of 0.88. The company has a current ratio of 2.39, a quick ratio of 2.11 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its quarterly 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. Pampa Energía had a return on equity of 12.38% 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 quarter last year, the firm posted $2.80 earnings per share. Research analysts predict that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Pampa Energía in the 2nd quarter worth about $37,000. EverSource Wealth Advisors LLC bought a new position in Pampa Energía in the 1st quarter worth about $52,000. Headlands Technologies LLC purchased a new stake in Pampa Energía during the 1st quarter valued at about $69,000. Finally, GAMMA Investing LLC raised 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 worth $84,000 after buying an additional 345 shares during the last quarter. Hedge funds and other institutional investors 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.