Pampa Energía (NYSE:PAM) Sets New 1-Year High at $54.17

Shares of Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $54.17 and last traded at $54.06, with a volume of 56546 shares. The stock had previously closed at $51.97.

Analyst Ratings Changes

A number of analysts have recently commented on PAM shares. JPMorgan Chase & Co. boosted their price objective on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target for the company in a report on Tuesday, May 21st. Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Pampa Energía Price Performance

The company has a quick ratio of 2.01, a current ratio of 2.33 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $47.38 and a 200 day moving average of $45.45. The stock has a market capitalization of $2.97 billion, a PE ratio of 6.98 and a beta of 0.99.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.44. The business had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $479.17 million. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. Sell-side analysts predict that Pampa Energía S.A. will post 8.95 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Helikon Investments Ltd lifted its holdings in Pampa Energía by 20.2% in the first quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock valued at $32,272,000 after acquiring an additional 125,519 shares during the last quarter. Millennium Management LLC lifted its stake 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 during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Pampa Energía by 5.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 282,156 shares of the utilities provider’s stock worth $12,172,000 after purchasing an additional 13,834 shares during the period. Murchinson Ltd. acquired a new stake in shares of Pampa Energía during the 1st quarter worth about $3,020,000. Finally, Ping Capital Management Inc. purchased a new stake in Pampa Energía in the 2nd quarter valued at about $2,470,000. Institutional investors and hedge funds 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.