Pampa Energia (NYSE:PAM) Reaches New 12-Month Low - Here's Why

Key Points

• Pampa Energia (NYSE:PAM) hit a new 1-year low at $54.95 during trading, closing at $56.80 with notable trading volume of 412,665 shares.
• Analysts have upgraded Pampa Energia's stock rating from "strong sell" to "hold", with a consensus target price of $92.75.
• The company reported disappointing earnings of $0.70 EPS, falling short of estimates of $2.35, alongside revenue of $486 million compared to a forecast of $632 million.

Pampa Energia S.A. (NYSE:PAM - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $54.95 and last traded at $56.80, with a volume of 412665 shares trading hands. The stock had previously closed at $56.55.

Analysts Set New Price Targets

Several equities research analysts recently commented on PAM shares. Zacks Research raised shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Wall Street Zen upgraded shares of Pampa Energia from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Pampa Energia presently has an average rating of "Hold" and an average target price of $92.75.

Pampa Energia Price Performance

The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 5.22 and a beta of 1.16. The stock's 50-day simple moving average is $69.54 and its 200 day simple moving average is $73.24.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $632.05 million. On average, equities research analysts anticipate that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Institutional Trading of Pampa Energia

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia in the second quarter valued at $37,000. First Horizon Advisors Inc. acquired a new stake in shares of Pampa Energia in the second quarter valued at $51,000. Advisors Preferred LLC raised its stake in shares of Pampa Energia by 158.9% in the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock valued at $58,000 after acquiring an additional 448 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Pampa Energia in the first quarter valued at $186,000. Finally, Banco Santander S.A. acquired a new stake in shares of Pampa Energia in the first quarter valued at $221,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Pampa Energia 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.