Pampa Energía (NYSE:PAM) Shares Up 5.6% – What’s Next?

Pampa Energía S.A. (NYSE:PAM) shares were up 5.6% during trading on Wednesday . The stock traded as high as $85.64 and last traded at $85.89. Approximately 224,201 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 310,645 shares. The stock had previously closed at $81.30.

Wall Street Analyst Weigh In

PAM has been the topic of several research reports. JPMorgan Chase & Co. raised their price target on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $58.00 to $75.00 in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $71.63.

Pampa Energía Price Performance

The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $88.15 and a two-hundred day moving average price of $68.94. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 13.76 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The business had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same period in the prior year, the firm earned $2.80 EPS. As a group, research analysts forecast that Pampa Energía S.A. will post 8.96 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in shares of Pampa Energía in the fourth quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pampa Energía during the fourth quarter worth $49,000. Yorktown Management & Research Co Inc increased its position in Pampa Energía by 79.2% during the fourth quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the utilities provider’s stock worth $1,134,000 after buying an additional 5,700 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Pampa Energía by 2.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider’s stock worth $1,127,000 after buying an additional 344 shares during the last quarter. Finally, ABS Direct Equity Fund LLC increased its position in Pampa Energía by 186.7% during the fourth quarter. ABS Direct Equity Fund LLC now owns 17,200 shares of the utilities provider’s stock worth $1,513,000 after buying an additional 11,200 shares during the last quarter. 12.77% of the stock is owned by institutional investors.

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.