Pampa Energía (NYSE:PAM) Sets New 1-Year High – Time to Buy?

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

Wall Street Analyst Weigh In

Several research firms recently commented on PAM. StockNews.com upgraded 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 lifted their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Bank of America upped their price objective on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pampa Energía has a consensus rating of “Hold” and an average target price of $63.00.

Pampa Energía Trading Down 0.3 %

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

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $2.80 earnings per share. As a group, sell-side analysts predict that Pampa Energía S.A. will post 8.65 EPS for the current year.

Institutional Trading of Pampa Energía

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position 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 during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Pampa Energía in the 2nd quarter worth about $37,000. GAMMA Investing LLC boosted its position in Pampa Energía by 32.7% during the 3rd 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 period. Whittier Trust Co. of Nevada Inc. grew its stake in Pampa Energía by 144.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 1,166 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Pampa Energía by 89.7% during the second quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 1,059 shares during the period. Institutional investors and hedge funds 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.