Pampa Energía (NYSE:PAM) Sets New 12-Month High – Time to Buy?

Pampa Energía S.A. (NYSE:PAM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $94.48 and last traded at $94.20, with a volume of 155595 shares changing hands. The stock had previously closed at $87.94.

Analyst Ratings Changes

A number of brokerages recently weighed in on PAM. Bank of America lifted their target price on Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their price target for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Pampa Energía currently has a consensus rating of “Hold” and an average target price of $63.00.

Pampa Energía Price Performance

The stock has a market cap of $5.10 billion, a P/E ratio of 14.39 and a beta of 0.96. The company’s fifty day simple moving average is $81.62 and its 200-day simple moving average is $63.11. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM) last announced its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $517.71 million. During the same quarter in the prior year, the business earned $2.80 earnings per share. As a group, sell-side analysts forecast that Pampa Energía S.A. will post 8.65 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

Several large investors have recently made changes to their positions in PAM. GAMMA Investing LLC increased its holdings in Pampa Energía by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 1,063 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock worth $9,513,000 after buying an additional 45,409 shares in the last quarter. Tidal Investments LLC acquired a new stake in Pampa Energía in the 3rd quarter valued at approximately $997,000. TT International Asset Management LTD lifted its stake in Pampa Energía by 797.4% in the 3rd quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock valued at $20,646,000 after acquiring an additional 305,559 shares in the last quarter. Finally, ABS Direct Equity Fund LLC acquired a new position in Pampa Energía during the 3rd quarter worth approximately $360,000. Institutional investors 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.