Pampa Energía (NYSE:PAM) Hits New 1-Year High – Should You Buy?

Shares of Pampa Energía S.A. (NYSE:PAM) reached a new 52-week high on Monday . The company traded as high as $86.90 and last traded at $86.11, with a volume of 3547 shares. The stock had previously closed at $84.93.

Wall Street Analysts Forecast Growth

PAM has been the subject of a number of recent research reports. Bank of America boosted their price target 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. Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and upped their target price for the stock from $58.00 to $75.00 in a research note on Friday, November 1st. 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 report on Wednesday, October 30th. Finally, StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.00.

Pampa Energía Price Performance

The firm’s 50 day moving average price is $67.30 and its two-hundred day moving average price is $54.92. The stock has a market cap of $4.58 billion, a PE ratio of 12.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13.

Pampa Energía (NYSE:PAM) last posted its 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 firm had revenue of $540.00 million for the quarter, compared to the consensus estimate 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 prior year, the business posted $2.80 earnings per share. On average, research analysts expect that Pampa Energía S.A. will post 8.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Pampa Energía in the 2nd quarter valued at $37,000. EverSource Wealth Advisors LLC purchased a new position in shares of Pampa Energía during the 1st quarter valued at $52,000. GAMMA Investing LLC increased its holdings 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 worth $84,000 after purchasing an additional 345 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Pampa Energía by 144.1% during 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 buying an additional 1,166 shares during the period. Institutional investors own 12.77% of the company’s stock.

About Pampa Energía

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.