Pampa Energía (NYSE:PAM) Hits New 52-Week High – Still a Buy?

Pampa Energía S.A. (NYSE:PAM) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $90.92 and last traded at $90.52, with a volume of 314084 shares. The stock had previously closed at $86.73.

Analyst Upgrades and Downgrades

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

Pampa Energía Trading Up 4.4 %

The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The firm has a market cap of $4.94 billion, a P/E ratio of 13.34 and a beta of 0.96. The stock has a 50 day simple moving average of $73.03 and a 200-day simple moving average of $57.95.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, beating the consensus estimate of $1.75 by $0.95. The company 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 period in the prior year, the firm posted $2.80 EPS. On average, equities research analysts expect that Pampa Energía S.A. will post 8.65 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

A number of large investors have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in Pampa Energía by 158.1% in the 3rd 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 period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Pampa Energía during the second quarter worth $37,000. GAMMA Investing LLC lifted its position in Pampa Energía by 32.7% during the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after purchasing an additional 345 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Pampa Energía by 144.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,975 shares of the utilities provider’s stock valued at $87,000 after purchasing an additional 1,166 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in 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 purchasing an additional 1,059 shares during the period. 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.