Pampa Energía (NYSE:PAM) Reaches New 12-Month High – Time to Buy?

Pampa Energía S.A. (NYSE:PAM) reached a new 52-week high during trading on Monday . The company traded as high as $71.99 and last traded at $71.99, with a volume of 1357 shares trading hands. The stock had previously closed at $68.61.

Wall Street Analysts Forecast Growth

PAM has been the topic of a number of analyst reports. Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $58.00 in a report on Wednesday, July 3rd. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Monday, August 12th. 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 research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. increased their price target on Pampa Energía from $47.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a hold rating and three have given 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 Trading Down 0.2 %

The company has a quick ratio of 2.01, a current ratio of 2.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.74 billion, a P/E ratio of 8.78 and a beta of 0.89. The firm’s 50-day simple moving average is $59.59 and its 200 day simple moving average is $50.82.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, topping 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 company had revenue of $500.00 million for the quarter, compared to analysts’ expectations of $479.17 million. As a group, analysts expect that Pampa Energía S.A. will post 8.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Diversify Wealth Management LLC raised its position in shares of Pampa Energía by 3.9% in the third quarter. Diversify Wealth Management LLC now owns 15,110 shares of the utilities provider’s stock valued at $1,006,000 after purchasing an additional 573 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Pampa Energía by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying an additional 526 shares in the last quarter. Whittier Trust Co. raised its holdings in Pampa Energía by 8.4% during the 3rd quarter. Whittier Trust Co. now owns 15,062 shares of the utilities provider’s stock valued at $904,000 after acquiring an additional 1,162 shares during the period. Glenorchy Capital Ltd lifted its position in shares of Pampa Energía by 35.5% during the third quarter. Glenorchy Capital Ltd now owns 75,223 shares of the utilities provider’s stock worth $4,516,000 after acquiring an additional 19,717 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Pampa Energía by 158.1% in the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors 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.