Pampa Energía (NYSE:PAM) Reaches New 1-Year High - What's Next?

Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $94.48 and last traded at $94.20, with a volume of 155595 shares. The stock had previously closed at $87.94.

Wall Street Analyst Weigh In

PAM has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Pampa Energía from $55.00 to $59.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. Bank of America boosted their target price on shares of Pampa Energía from $62.00 to $72.00 and gave the company a "buy" rating in a research note on Wednesday, September 11th. Finally, StockNews.com raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Pampa Energía presently has an average rating of "Hold" and a consensus price target of $63.00.

Pampa Energía Trading Up 5.8 %

The company has a market cap of $5.08 billion, a price-to-earnings ratio of 14.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The business has a 50 day simple moving average of $81.12 and a 200 day simple moving average of $62.77.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same quarter in the prior year, the company earned $2.80 EPS. As a group, equities analysts forecast that Pampa Energía S.A. will post 8.65 EPS for the current year.

Institutional Investors Weigh In On Pampa Energía

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Helikon Investments Ltd increased its position in Pampa Energía by 146.6% in the third quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider's stock worth $79,218,000 after purchasing an additional 784,407 shares during the period. Millennium Management LLC lifted its holdings in Pampa Energía by 428.0% in the second quarter. Millennium Management LLC now owns 628,522 shares of the utilities provider's stock valued at $27,818,000 after buying an additional 509,487 shares during the period. TT International Asset Management LTD boosted its stake in Pampa Energía by 797.4% in the third quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider's stock valued at $20,646,000 after acquiring an additional 305,559 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in Pampa Energía during the 3rd quarter worth $8,552,000. Finally, Ping Capital Management Inc. bought a new stake in shares of Pampa Energía during the 2nd quarter valued at $2,470,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.