Pampa Energía (NYSE:PAM) Hits New 52-Week High - Time to Buy?

Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock 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 Analyst Weigh In

Several analysts recently issued reports on PAM shares. Bank of America raised their price target on Pampa Energía from $62.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target on shares of Pampa Energía from $47.00 to $55.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research report on Monday, August 12th. Finally, Citigroup upgraded shares of Pampa Energía from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.75.

Pampa Energía Stock Performance

The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 10.15 and a beta of 0.89. The company's 50 day simple moving average is $59.59 and its 200 day simple moving average is $50.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.80 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.44. The business had revenue of $500.00 million for the quarter, compared to analyst estimates of $479.17 million. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. On average, equities research analysts anticipate that Pampa Energía S.A. will post 8.91 earnings per share for the current year.

Institutional Trading of Pampa Energía

Several institutional investors have recently modified their holdings of PAM. Blue Trust Inc. grew its position in 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 buying an additional 253 shares during the last quarter. Claro Advisors LLC boosted its stake in shares of Pampa Energía by 6.0% during the 1st quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider's stock worth $219,000 after acquiring an additional 286 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Pampa Energía by 32.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock worth $84,000 after acquiring an additional 345 shares during the last quarter. Driehaus Capital Management LLC raised its position in shares of Pampa Energía by 1.7% during the second quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after purchasing an additional 398 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider's stock valued at $150,000 after purchasing an additional 526 shares during the last quarter. Institutional investors and hedge funds 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.