Pampa Energía (NYSE:PAM) Hits New 1-Year High – What’s Next?

Pampa Energía S.A. (NYSE:PAM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $79.93 and last traded at $79.76, with a volume of 58003 shares. The stock had previously closed at $76.38.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PAM. Bank of America boosted their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup downgraded Pampa Energía from a “buy” rating to a “neutral” rating and increased their price objective for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their target price on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Pampa Energía has a consensus rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Trading Up 4.8 %

The firm has a market capitalization of $4.36 billion, a PE ratio of 11.75 and a beta of 0.88. The company has a current ratio of 2.41, a quick ratio of 2.11 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average price of $64.48 and a two-hundred day moving average price of $53.53.

Pampa Energía (NYSE:PAM) last released 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. The business had revenue of $540.00 million during 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 period in the prior year, the business posted $2.80 EPS. Analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in Pampa Energía in the 2nd quarter valued at about $950,000. Fourth Sail Capital LP acquired a new stake in shares of Pampa Energía during the 3rd quarter worth about $8,552,000. Truist Financial Corp acquired a new stake in shares of Pampa Energía during the 2nd quarter worth about $854,000. Claro Advisors LLC raised its position in shares of Pampa Energía by 253.9% during the 3rd quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider’s stock worth $1,091,000 after acquiring an additional 13,037 shares in the last quarter. Finally, Glenorchy Capital Ltd raised its position in shares of Pampa Energía by 35.5% during the 3rd 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. 12.77% of the stock is currently owned by hedge funds and other 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.