Pampa Energía (NYSE:PAM) Reaches New 1-Year High – Still a Buy?

Pampa Energía S.A. (NYSE:PAM) hit a new 52-week high on Wednesday . The stock traded as high as $97.55 and last traded at $94.62, with a volume of 297193 shares. The stock had previously closed at $94.14.

Analyst Upgrades and Downgrades

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

Pampa Energía Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 14.56 and a beta of 0.94. The company’s fifty day moving average is $82.72 and its two-hundred day moving average is $64.06.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. During the same period last year, the company earned $2.80 earnings per share. On average, research analysts anticipate that Pampa Energía S.A. will post 8.65 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Pampa Energía by 158.1% during the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 253 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Pampa Energía in the second quarter valued at approximately $37,000. GAMMA Investing LLC increased its position in shares of Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after buying an additional 345 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $102,000 after buying an additional 1,059 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after buying an additional 526 shares during the period. Hedge funds and other institutional investors 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.