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

Shares of Pampa Energía S.A. (NYSE:PAM) reached a new 52-week high during trading on Monday . The stock traded as high as $86.90 and last traded at $86.11, with a volume of 3547 shares trading hands. The stock had previously closed at $84.93.

Analyst Ratings Changes

A number of research analysts have issued reports on PAM shares. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Bank of America boosted their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased 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 objective on shares of Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Three equities research 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 has an average rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Stock Performance

The firm has a market cap of $4.58 billion, a P/E ratio of 12.91 and a beta of 0.88. 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’s 50 day moving average is $67.30 and its 200 day moving average is $54.92.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) 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 quarter in the prior year, the firm earned $2.80 EPS. As a group, equities analysts predict that Pampa Energía S.A. will post 8.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in Pampa Energía in the third quarter valued at approximately $997,000. TT International Asset Management LTD boosted its stake in shares of 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 purchasing an additional 305,559 shares during the last quarter. ABS Direct Equity Fund LLC acquired a new stake in shares of Pampa Energía during the third quarter worth $360,000. Dorsey Wright & Associates raised its stake in Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock worth $4,208,000 after buying an additional 7,553 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Pampa Energía during the 3rd quarter valued at about $338,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.