Pampa Energía (NYSE:PAM) Reaches New 12-Month High - Here's What Happened

Shares of Pampa Energía S.A. (NYSE:PAM - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company 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.

Analyst Ratings Changes

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

Pampa Energía Trading Down 2.3 %

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 firm has a market capitalization of $5.05 billion, a PE ratio of 14.25 and a beta of 0.94. The firm's fifty day moving average is $82.72 and its two-hundred day moving average is $64.06.

Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share 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 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 previous year, the firm earned $2.80 earnings per share. On average, equities analysts predict that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Pampa Energía by 75.9% during the 4th quarter. GAMMA Investing LLC now owns 2,464 shares of the utilities provider's stock valued at $217,000 after buying an additional 1,063 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pampa Energía by 40.2% during the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock worth $9,513,000 after acquiring an additional 45,409 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Pampa Energía in the third quarter worth $997,000. TT International Asset Management LTD raised its stake in shares of Pampa Energía by 797.4% during the 3rd quarter. TT International Asset Management LTD now owns 343,880 shares of the utilities provider's stock valued at $20,646,000 after purchasing an additional 305,559 shares during the period. Finally, ABS Direct Equity Fund LLC purchased a new stake in Pampa Energía during the 3rd quarter worth about $360,000. 12.77% of the stock is currently owned by institutional investors.

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.