Pampa Energía (NYSE:PAM) Sets New 12-Month High – What’s Next?

Shares of Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high during mid-day trading on Monday . The stock 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

PAM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Pampa Energía from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Citigroup lowered shares of 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 report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Pampa Energía has an average rating of “Hold” and an average target price of $63.00.

Pampa Energía Stock Down 0.8 %

The stock has a market cap of $4.33 billion, a P/E ratio of 12.22 and a beta of 0.88. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a 50-day simple moving average of $65.37 and a two-hundred day simple moving average of $53.98.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.95. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $540.00 million during the quarter, compared to analyst estimates of $517.71 million. During the same period in the prior year, the business posted $2.80 EPS. On average, equities analysts forecast that Pampa Energía S.A. will post 8.65 EPS for the current year.

Hedge Funds Weigh In On Pampa Energía

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new position in Pampa Energía during the 2nd quarter valued at $950,000. Fourth Sail Capital LP bought a new position in Pampa Energía in the third quarter worth about $8,552,000. Truist Financial Corp purchased a new stake in Pampa Energía in the second quarter worth about $854,000. Claro Advisors LLC boosted its position in Pampa Energía by 253.9% during the 3rd quarter. Claro Advisors LLC now owns 18,172 shares of the utilities provider’s stock valued at $1,091,000 after acquiring an additional 13,037 shares in the last quarter. Finally, Glenorchy Capital Ltd grew its holdings 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 during the period. Institutional investors own 12.77% of the company’s stock.

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.