Pampa Energía (NYSE:PAM) Reaches New 12-Month High – Here’s Why

Pampa Energía S.A. (NYSE:PAM) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $97.55 and last traded at $94.62, with a volume of 297193 shares. The stock had previously closed at $94.14.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PAM shares. JPMorgan Chase & Co. upped their price objective 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. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and upped their price target for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.00.

Pampa Energía Stock Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 14.25 and a beta of 0.94. The firm has a 50-day simple moving average of $83.24 and a two-hundred day simple moving average of $64.26.

Pampa Energía (NYSE:PAM) last released its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. The firm had revenue of $540.00 million during 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 period last year, the business posted $2.80 earnings per share. On average, sell-side analysts anticipate that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Helikon Investments Ltd grew its position in shares of Pampa Energía by 146.6% during the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock worth $79,218,000 after acquiring an additional 784,407 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Pampa Energía by 428.0% in the 2nd quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock valued at $27,818,000 after purchasing an additional 509,487 shares in the last quarter. TT International Asset Management LTD increased its holdings in Pampa Energía by 797.4% in the third quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock valued at $20,646,000 after buying an additional 305,559 shares in the last quarter. Fourth Sail Capital LP purchased a new stake in shares of Pampa Energía during the 3rd quarter worth approximately $8,552,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Pampa Energía in the 3rd quarter worth approximately $2,738,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.