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Pampa Energia SA ADR (NYSE: PAM) Stock Forecast For 2023: $56.00 Per Share On The Upside

In the last trading session, 1.01 million Pampa Energia SA ADR (NYSE:PAM) shares changed hands as the company’s beta touched 0.89. With the company’s per share price at $43.70 changed hands at $6.64 or 17.92% during last session, the market valuation stood at $2.38B. PAM’s last price was a discount, traded about -11.65% off its 52-week high of $48.79. The share price had its 52-week low at $24.87, which suggests the last value was 43.09% up since then. When we look at Pampa Energia SA ADR’s average trading volume, we note the 10-day average is 0.14 million shares, with the 3-month average coming to 159.45K.

Analysts gave the Pampa Energia SA ADR (PAM) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.40. If we narrow down to specifics, the data shows that 2 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PAM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Pampa Energia SA ADR’s EPS for the current quarter is expected to be $0.81.

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Pampa Energia SA ADR (NYSE:PAM) trade information

Instantly PAM was in green as seen at the end of in last trading. With action 22.24%, the performance over the past five days has been green. The jump to weekly highs of 46.47 on Monday, 11/20/23 added 17.92% to the stock’s daily price. The company’s shares are showing year-to-date upside of 36.82%, with the 5-day performance at 22.24% in the green. However, in the 30-day time frame, Pampa Energia SA ADR (NYSE:PAM) is 6.51% up. Looking at the short shares, we see there were 0.13 million shares sold at short interest cover period of 0.73 days.

The consensus price target for the stock as assigned by Wall Street analysts is $37.42, meaning bulls need a downside of -16.78% from its current market value. According to analyst projections, PAM’s forecast low is $22.00 with $56.00 as the target high. To hit the forecast high, the stock’s price needs a -28.15% plunge from its current level, while the stock would need to tank 49.66% for it to hit the projected low.

Pampa Energia SA ADR (PAM) estimates and forecasts

Data shows that the Pampa Energia SA ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 22.17% over the past 6 months, a -2.91% in annual growth rate that is considerably lower than the industry average of 6.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Pampa Energia SA ADR will fall -74.70%, while the growth in revenue is estimated to hit -7.20% for the next quarter.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $484.23 million. 1 analysts are of the opinion that Pampa Energia SA ADR’s revenue for the quarter ending Mar 2024 will be $466.38 million. The company’s revenue for the corresponding quarters a year ago was $448 million and $431 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.10%. The estimates for the next quarter sales put growth at 8.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 20.54%. The 2023 estimates are for Pampa Energia SA ADR earnings to decrease by -16.91%, but the outlook for the next 5-year period is at 7.60% per year.

PAM Dividends

Pampa Energia SA ADR is expected to release its next quarterly earnings report in December.

Pampa Energia SA ADR (NYSE:PAM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.00% of Pampa Energia SA ADR shares while 13.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 13.24%. There are 13.24% institutions holding the Pampa Energia SA ADR stock share, with Vr Advisory Services Ltd the top institutional holder. As of Jun 29, 2023, the company held 2.76% of the shares, roughly 1.51 million PAM shares worth $65.29 million.

Sculptor Capital LP holds the second largest percentage of outstanding shares, with 2.06% or 1.12 million shares worth $48.73 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Sep 29, 2023 were Global X Fds-Global X MSCI Argentina ETF and Highland Fds II-Highland Global Allocation Fd. With 88703.0 shares estimated at $3.31 million under it, the former controlled 0.16% of total outstanding shares. On the other hand, Highland Fds II-Highland Global Allocation Fd held about 0.12% of the shares, roughly 67700.0 shares worth around $2.93 million.

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