Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $54.17 and last traded at $54.06, with a volume of 56546 shares changing hands. The stock had previously closed at $51.97.
Analyst Upgrades and Downgrades
Several research firms have weighed in on PAM. JPMorgan Chase & Co. raised their price target on Pampa Energía from $46.50 to $47.50 and gave the company a "neutral" rating in a report on Tuesday, May 28th. HSBC raised Pampa Energía from a "reduce" rating to a "hold" rating and set a $46.00 price target on the stock in a report on Tuesday, May 21st. Citigroup upgraded Pampa Energía from a "neutral" rating to a "buy" rating and increased their price objective for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Finally, StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.
Check Out Our Latest Stock Report on PAM
Pampa Energía Price Performance
The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. The stock has a market capitalization of $2.89 billion, a P/E ratio of 6.79 and a beta of 0.99. The firm has a 50-day moving average price of $47.17 and a 200 day moving average price of $45.37.
Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.44. Pampa Energía had a return on equity of 12.59% and a net margin of 20.96%. The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. On average, analysts expect that Pampa Energía S.A. will post 8.95 EPS for the current year.
Hedge Funds Weigh In On Pampa Energía
Several institutional investors and hedge funds have recently bought and sold shares of PAM. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía during the 2nd quarter worth approximately $37,000. GAMMA Investing LLC purchased a new stake in Pampa Energía in the 4th quarter worth approximately $41,000. SPX Gestao de Recursos Ltda purchased a new stake in Pampa Energía in the 4th quarter worth approximately $44,000. EverSource Wealth Advisors LLC purchased a new stake in Pampa Energía in the 1st quarter worth approximately $52,000. Finally, Headlands Technologies LLC purchased a new stake in Pampa Energía in the 1st quarter worth approximately $69,000. 12.77% of the stock is currently owned by institutional investors.
About Pampa Energía
(
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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.
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