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

Pampa Energía S.A. (NYSE:PAM)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $87.80 and last traded at $87.80, with a volume of 347 shares changing hands. The stock had previously closed at $85.59.

Analyst Ratings Changes

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

Pampa Energía Price Performance

The stock’s 50 day moving average is $69.21 and its two-hundred day moving average is $55.97. The stock has a market capitalization of $4.79 billion, a PE ratio of 13.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same period last year, the firm posted $2.80 EPS. As a group, sell-side analysts forecast that Pampa Energía S.A. will post 8.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Pampa Energía by 32.7% in the 3rd 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. Driehaus Capital Management LLC raised its position in Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider’s stock worth $1,032,000 after acquiring an additional 398 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pampa Energía by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 526 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Pampa Energía by 3.9% in the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 573 shares in 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.