Pampa Energía (NYSE:PAM) Trading Up 4% – What’s Next?

Pampa Energía S.A. (NYSE:PAM) shares were up 4% during mid-day trading on Thursday . The stock traded as high as $67.50 and last traded at $66.94. Approximately 101,939 shares traded hands during trading, a decline of 61% from the average daily volume of 258,563 shares. The stock had previously closed at $64.36.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PAM shares. StockNews.com raised shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on Pampa Energía from $47.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Citigroup upgraded Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. Finally, Bank of America lifted their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.75.

Pampa Energía Stock Performance

The stock has a market capitalization of $3.69 billion, a PE ratio of 8.66 and a beta of 0.89. The firm’s fifty day moving average is $58.03 and its 200-day moving average is $49.94. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44.

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

Institutional Trading of Pampa Energía

A number of institutional investors and hedge funds have recently bought and sold shares of PAM. Blue Trust Inc. increased its stake in Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 253 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Pampa Energía during the second quarter worth about $37,000. EverSource Wealth Advisors LLC acquired a new position in shares of Pampa Energía during the first quarter worth about $52,000. Headlands Technologies LLC acquired a new position in shares of Pampa Energía during the first quarter worth about $69,000. Finally, GAMMA Investing LLC grew its position in shares of Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after buying an additional 345 shares in the last quarter. 12.77% of the stock is currently 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.