Pampa Energía (NYSE:PAM) Reaches New 52-Week High at $60.69

Shares of Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high during trading on Thursday . The stock traded as high as $60.69 and last traded at $60.34, with a volume of 17628 shares. The stock had previously closed at $59.44.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PAM. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. Citigroup upgraded shares of Pampa Energía from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Bank of America upped 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. Finally, JPMorgan Chase & Co. increased their price target on shares of Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.88.

Pampa Energía Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. The stock’s fifty day moving average is $51.31 and its 200 day moving average is $47.05. The stock has a market cap of $3.37 billion, a P/E ratio of 7.92 and a beta of 0.89.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The firm had revenue of $500.00 million during the quarter, compared to the consensus estimate of $479.17 million. As a group, equities research analysts predict that Pampa Energía S.A. will post 9.54 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd raised its position in Pampa Energía by 20.2% in the 1st quarter. Helikon Investments Ltd now owns 748,085 shares of the utilities provider’s stock worth $32,272,000 after purchasing an additional 125,519 shares during the period. Claro Advisors LLC raised its position in Pampa Energía by 6.0% in the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 286 shares during the period. Banco BTG Pactual S.A. raised its position in Pampa Energía by 472.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 41,410 shares of the utilities provider’s stock worth $2,015,000 after purchasing an additional 34,181 shares during the period. Headlands Technologies LLC purchased a new stake in Pampa Energía in the 1st quarter worth about $69,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Pampa Energía in the 1st quarter worth about $52,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.