Pampa Energía (NYSE:PAM) Hits New 1-Year High – Here’s What Happened

Pampa Energía S.A. (NYSE:PAM)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $94.48 and last traded at $94.20, with a volume of 155595 shares traded. The stock had previously closed at $87.94.

Analyst Ratings Changes

Several equities research analysts recently commented on PAM shares. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. 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 research report on Wednesday, October 30th. Finally, Bank of America boosted their target price on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Pampa Energía presently has an average rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Trading Up 5.2 %

The stock has a market cap of $5.04 billion, a PE ratio of 14.23 and a beta of 0.96. 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 stock’s fifty day moving average price is $80.62 and its 200 day moving average price is $62.56.

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

Institutional Investors Weigh In On Pampa Energía

Several large investors have recently bought and sold shares of the business. Helikon Investments Ltd boosted its holdings in shares of Pampa Energía by 146.6% during the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after acquiring an additional 784,407 shares during the last quarter. Millennium Management LLC boosted its holdings in Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider’s stock worth $27,818,000 after purchasing an additional 509,487 shares during the last quarter. TT International Asset Management LTD grew its position in Pampa Energía by 797.4% in the 3rd quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock worth $20,646,000 after purchasing an additional 305,559 shares during the period. JPMorgan Chase & Co. raised its stake in Pampa Energía by 40.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider’s stock valued at $9,513,000 after buying an additional 45,409 shares during the last quarter. Finally, Fourth Sail Capital LP purchased a new stake in Pampa Energía during the 3rd quarter valued at $8,552,000. 12.77% of the stock is currently owned by 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.