Pampa Energía (NYSE:PAM) Trading Up 4% – What’s Next?

Pampa Energía S.A. (NYSE:PAM)’s share price shot up 4% during trading on Thursday . The company traded as high as $67.50 and last traded at $66.94. 101,939 shares traded hands during trading, a decline of 61% from the average session volume of 258,563 shares. The stock had previously closed at $64.36.

Analysts Set New Price Targets

A number of brokerages have recently commented on PAM. JPMorgan Chase & Co. boosted their price objective on Pampa Energía from $47.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and upped their price target for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Finally, Bank of America upped their price target on Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Pampa Energía currently has an average rating of “Moderate Buy” and an average price target of $57.75.

Pampa Energía Price Performance

The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 8.66 and a beta of 0.89. The company has a fifty day moving average price of $58.03 and a two-hundred day moving average price of $49.94. The company has a quick ratio of 2.01, a current ratio of 2.33 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.36 by $0.44. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. The business had revenue of $500.00 million during the quarter, compared to analysts’ expectations of $479.17 million. On average, equities research analysts expect that Pampa Energía S.A. will post 9.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Several large investors have recently modified their holdings of the stock. Helikon Investments Ltd raised its position in Pampa Energía by 20.2% in the first quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock worth $32,272,000 after acquiring an additional 125,519 shares in the last quarter. Millennium Management LLC raised its position in Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after acquiring an additional 509,487 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Pampa Energía by 5.2% in the first quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock worth $12,172,000 after acquiring an additional 13,834 shares in the last quarter. Glenorchy Capital Ltd raised its position in Pampa Energía by 35.5% in the third quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider’s stock worth $4,516,000 after acquiring an additional 19,717 shares in the last quarter. Finally, Murchinson Ltd. purchased a new position in shares of Pampa Energía in the first quarter valued at $3,020,000. 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.