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

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

Analyst Ratings Changes

PAM has been the topic of a number of analyst reports. Bank of America boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective 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. Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and upped their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Stock Down 1.9 %

The stock has a market capitalization of $4.55 billion, a PE ratio of 13.07 and a beta of 0.88. 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 company’s 50-day moving average is $66.82 and its 200 day moving average is $54.68.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TT International Asset Management LTD raised its holdings in shares of Pampa Energía by 797.4% during the 3rd quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock worth $20,646,000 after acquiring an additional 305,559 shares during the period. ABS Direct Equity Fund LLC purchased a new position in shares of Pampa Energía during the 3rd quarter worth $360,000. Dorsey Wright & Associates raised its holdings in shares of Pampa Energía by 12.1% during the 3rd quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock worth $4,208,000 after acquiring an additional 7,553 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Pampa Energía during the 3rd quarter worth $338,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Pampa Energía during the 3rd quarter worth $2,738,000. 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.