Pampa Energía (NYSE:PAM) Reaches New 1-Year High – Still a Buy?

Pampa Energía S.A. (NYSE:PAM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $97.55 and last traded at $94.62, with a volume of 297193 shares traded. The stock had previously closed at $94.14.

Wall Street Analyst Weigh In

PAM has been the topic of several recent analyst reports. Citigroup downgraded shares of Pampa Energía from a “buy” rating to a “neutral” rating and increased their target price for the company from $58.00 to $75.00 in a research note on Friday, November 1st. Bank of America increased their price objective on shares of 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 upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on Pampa Energía from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Pampa Energía currently has an average rating of “Hold” and a consensus target price of $63.00.

Pampa Energía Price Performance

The firm has a market capitalization of $5.16 billion, a P/E ratio of 14.56 and a beta of 0.94. The stock’s 50 day simple moving average is $82.72 and its 200 day simple moving average is $64.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41.

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

Institutional Trading of Pampa Energía

A number of hedge funds have recently added to or reduced their stakes in the business. Fourth Sail Capital LP bought a new stake in shares of Pampa Energía in the 3rd quarter valued at about $8,552,000. Dorsey Wright & Associates increased its holdings in Pampa Energía by 12.1% during the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider’s stock valued at $4,208,000 after buying an additional 7,553 shares during the period. Cubist Systematic Strategies LLC bought a new position in Pampa Energía in the second quarter worth approximately $950,000. TT International Asset Management LTD lifted its holdings in Pampa Energía by 797.4% during the third quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider’s stock worth $20,646,000 after buying an additional 305,559 shares during the period. Finally, Truist Financial Corp bought a new stake in Pampa Energía during the 2nd quarter valued at $854,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

About Pampa Energía

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.