Pampa Energía (NYSE:PAM) Hits New 1-Year High at $52.68

Pampa Energía S.A. (NYSE:PAM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $52.68 and last traded at $52.59, with a volume of 38521 shares. The stock had previously closed at $51.83.

Analyst Ratings Changes

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

Pampa Energía Price Performance

The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 6.75 and a beta of 0.99. The stock has a 50-day moving average of $45.69 and a two-hundred day moving average of $44.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAM. Claro Advisors LLC increased its position in Pampa Energía by 6.0% during the first quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider’s stock worth $219,000 after acquiring an additional 286 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Pampa Energía during the 2nd quarter worth $37,000. GAMMA Investing LLC acquired a new stake in Pampa Energía in the fourth quarter worth about $41,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energía during the fourth quarter worth approximately $44,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Pampa Energía by 16.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,695 shares of the utilities provider’s stock worth $332,000 after purchasing an additional 963 shares during the period. 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.