Pampa Energía (NYSE:PAM) Sets New 52-Week High – Should You Buy?

Pampa Energía S.A. (NYSE:PAM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $90.92 and last traded at $90.52, with a volume of 314084 shares changing hands. The stock had previously closed at $86.73.

Analyst Ratings Changes

PAM has been the topic of several research reports. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on shares of Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Bank of America raised their price objective 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. Finally, Citigroup downgraded 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. Three 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Stock Performance

The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 13.79 and a beta of 0.96. 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 company has a 50 day moving average of $74.20 and a 200 day moving average of $58.40.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.95. The business had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same quarter in the previous year, the firm earned $2.80 earnings per share. As a group, equities research analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after buying an additional 253 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Pampa Energía during the second quarter valued at $37,000. GAMMA Investing LLC grew its position in shares of Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 345 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Pampa Energía by 144.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock worth $87,000 after acquiring an additional 1,166 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 1,059 shares during the last quarter. 12.77% of the stock is currently 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.