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

Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high on Monday . The stock traded as high as $79.93 and last traded at $79.76, with a volume of 58003 shares traded. The stock had previously closed at $76.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PAM. Bank of America raised their target price on Pampa Energía from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price target on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Pampa Energía currently has an average rating of “Hold” and an average price target of $63.00.

Pampa Energía Price Performance

The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 11.75 and a beta of 0.88. The company has a 50 day moving average of $64.48 and a 200 day moving average of $53.53. The company has a quick ratio of 2.11, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in shares of Pampa Energía by 93.8% in the 1st quarter. BNP Paribas Financial Markets now owns 17,805 shares of the utilities provider’s stock worth $768,000 after buying an additional 8,620 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Pampa Energía in the 1st quarter worth about $108,000. Murchinson Ltd. bought a new position in shares of Pampa Energía in the 1st quarter worth about $3,020,000. EverSource Wealth Advisors LLC bought a new position in shares of Pampa Energía in the 1st quarter worth about $52,000. Finally, Whittier Trust Co. lifted its position in shares of Pampa Energía by 10.4% in the 2nd quarter. Whittier Trust Co. now owns 13,900 shares of the utilities provider’s stock worth $615,000 after buying an additional 1,312 shares during the last quarter. 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.