Pampa Energía (NYSE:PAM) Hits New 12-Month High – Still a Buy?

Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.90 and last traded at $86.11, with a volume of 3547 shares changing hands. The stock had previously closed at $84.93.

Wall Street Analysts Forecast Growth

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

Pampa Energía Price Performance

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 firm has a market cap of $4.55 billion, a PE ratio of 13.07 and a beta of 0.88. The firm’s fifty day simple moving average is $66.82 and its two-hundred day simple moving average is $54.68.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share 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 business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. During the same quarter in the previous year, the firm earned $2.80 earnings per share. As a group, research analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

Several hedge funds have recently modified their holdings of PAM. Blue Trust Inc. lifted its holdings in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after buying an additional 253 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Pampa Energía in the second quarter worth $37,000. EverSource Wealth Advisors LLC purchased a new position in shares of Pampa Energía in the first quarter worth $52,000. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings 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 buying an additional 1,166 shares in 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.