Pampa Energía (NYSE:PAM) Reaches New 52-Week High at $56.44

Shares of Pampa Energía S.A. (NYSE:PAM - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $56.44 and last traded at $56.28, with a volume of 34892 shares traded. The stock had previously closed at $54.86.

Analyst Upgrades and Downgrades

PAM has been the subject of a number of research reports. HSBC raised shares of Pampa Energía from a "reduce" rating to a "hold" rating and set a $46.00 target price for the company in a research report on Tuesday, May 21st. StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a research note on Monday, August 12th. Citigroup upgraded Pampa Energía from a "neutral" rating to a "buy" rating and increased their price target for the stock from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Pampa Energía from $46.50 to $47.50 and gave the company a "neutral" rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $50.50.

Pampa Energía Trading Up 3.3 %

The firm has a 50-day simple moving average of $48.05 and a 200-day simple moving average of $45.72. 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 stock has a market cap of $3.09 billion, a PE ratio of 7.26 and a beta of 0.89.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $479.17 million. Equities analysts forecast that Pampa Energía S.A. will post 8.95 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Claro Advisors LLC grew its holdings in shares of Pampa Energía by 6.0% during the first quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider's stock worth $219,000 after purchasing an additional 286 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Pampa Energía by 1.7% in the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after buying an additional 398 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Pampa Energía in the 2nd quarter worth approximately $37,000. SPX Gestao de Recursos Ltda bought a new position in shares of Pampa Energía in the 4th quarter worth $44,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Pampa Energía by 89.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider's stock valued at $102,000 after buying an additional 1,059 shares in the last quarter. 12.77% of the stock is owned by 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.