The stock of Pampa Energia S.A. (ADR) (NYSE:PAM) hit a new 52-week high and has $38.84 target or 6.00% above today’s $36.64 share price. The 7 months bullish chart indicates low risk for the $2.55B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $38.84 price target is reached, the company will be worth $153.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 121,647 shares traded hands. Pampa Energia S.A. (ADR) (NYSE:PAM) has risen 56.41% since April 20, 2016 and is uptrending. It has outperformed by 51.85% the S&P500.
According to Zacks Investment Research, “Pampa EnergÃa S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina.”
More important recent Pampa Energia S.A. (ADR) (NYSE:PAM) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Quotes.Wsj.com published article titled: “DOW JONES, A NEWS CORP COMPANY”, Businessfinancenews.com published: “Here’s How $1.2 Deal with Pampa Energia Will Ease Petrobras’ Tension” on March 03, 2016. More interesting news about Pampa Energia S.A. (ADR) (NYSE:PAM) was released by: Seekingalpha.com and their article: “Pampa Energia: New Argentinian ADR in Town” with publication date: October 12, 2009.
PAM Company Profile
Pampa Energia S.A., incorporated on February 21, 1945, is an integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. The Company’s divisions include generation, transmission, distribution, gas and oil, and holding and others. The Company’s generation segment includes a direct and indirect equity interest in Central Piedra Buena S.A. (Piedra Buena), Central Termica Guemes S.A. (Guemes), Central Termica Loma de la Lata S.A. (Loma la Lata), Hidroelectrica los Nihuiles S.A. (HINISA), Hidroelectrica Diamante S.A. (HIDISA), Pampa Comercializadora S.A and investments in shares in other companies related to the electricity generation sector. The Company’s transmission segment includes an indirect equity interest through Compania Inversora en Transmision Electrica Citelec S.A. (Citelec) in Transener and its subsidiaries. The Company’s distribution segment includes an indirect equity interest in Electricidad Argentina S.A. (EASA) and Empresa Distribuidora y Comercializadora Norte S.A. (Edenor). The Company’s Oil and gas segment includes a direct interest in Petrolera Pampa S.A. (Petrolera Pampa), which is focused on exploration and exploitation of gas and oil. The Company’s holding and others segment includes financial investment operations, holding activities and other businesses.
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