Pampa Energía (NYSE:PAM) Shares Up 4.8% – What’s Next?

Pampa Energía S.A. (NYSE:PAM)’s stock price traded up 4.8% on Thursday . The stock traded as high as $79.56 and last traded at $79.92. 22,584 shares changed hands during trading, a decline of 92% from the average session volume of 265,822 shares. The stock had previously closed at $76.27.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Price Performance

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 capitalization of $4.36 billion, a price-to-earnings ratio of 12.31 and a beta of 0.94. The company has a 50-day moving average price of $76.84 and a 200-day moving average price of $78.75.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $454.61 million. On average, equities research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energía

Several institutional investors have recently modified their holdings of the business. Advisors Preferred LLC bought a new stake in Pampa Energía during the 4th quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Pampa Energía in the 4th quarter valued at $49,000. Blue Trust Inc. boosted its stake in Pampa Energía by 62.7% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the utilities provider’s stock worth $59,000 after purchasing an additional 259 shares during the period. Compass Group LLC bought a new position in Pampa Energía during the 4th quarter worth about $152,000. Finally, Virtu Financial LLC bought a new position in Pampa Energía during the 4th quarter worth about $209,000. 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.