The stock of Pampa Energia S.A. (ADR) (NYSE:PAM) reached all time high today, Nov, 22 and still has $40.19 target or 9.00% above today’s $36.87 share price. This indicates more upside for the $2.61B company. This technical setup was reported by Barchart.com. If the $40.19 PT is reached, the company will be worth $234.90 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 320,316 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 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 the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 14, 2011. Businessfinancenews.com‘s news article titled: “Here’s How $1.2 Deal with Pampa Energia Will Ease Petrobras’ Tension” with publication date: March 03, 2016 was also an interesting one.
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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