Pampa Energía (NYSE:PAM) Trading Up 6.6% – Should You Buy?

Pampa Energía S.A. (NYSE:PAM) was up 6.6% during mid-day trading on Friday . The stock traded as high as $69.48 and last traded at $69.35. Approximately 60,477 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 265,965 shares. The stock had previously closed at $65.06.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their target price on 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.63.

Pampa Energía Stock Up 6.9 %

The firm has a 50-day simple moving average of $77.27 and a 200 day simple moving average of $78.52. The company has a market capitalization of $3.79 billion, a PE ratio of 10.70 and a beta of 0.94. 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 announced its earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. The business had revenue of $435.00 million during the quarter, compared to the consensus estimate of $454.61 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. On average, research analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PAM. TT International Asset Management LTD lifted its holdings in Pampa Energía by 250.9% in the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock worth $106,108,000 after acquiring an additional 862,723 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pampa Energía by 58.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider’s stock worth $44,706,000 after purchasing an additional 188,114 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Pampa Energía by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider’s stock valued at $37,212,000 after purchasing an additional 264,706 shares during the period. Brevan Howard Capital Management LP grew its stake in Pampa Energía by 27.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider’s stock worth $22,786,000 after buying an additional 54,923 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Pampa Energía by 27.6% during the 4th quarter. William Blair Investment Management LLC now owns 200,078 shares of the utilities provider’s stock worth $17,595,000 after buying an additional 43,257 shares during the last quarter. Institutional investors and hedge funds 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.