27-Mar-2024
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Pampa Energia Announces Fiscal Year and Fourth Quarter 2023 Results
ACCESSWIRE (Wed, 6-Mar 4:36 PM ET)
Pampa Energia SA and its subsidiaries are engaged in the Energy business. The operating business segments of the firm are Electricity generation, Electricity distribution, Oil and Gas, Petrochemicals, and Holding and other business. The company derives the maximum revenue from the Distribution of energy.
Pampa Energia S.A. trades on the NYSE stock market under the symbol PAM.
As of March 27, 2024, PAM stock price climbed to $43.50 with 237,390 million shares trading.
PAM has a beta of 0.96, meaning it tends to be less sensitive to market movements. PAM has a correlation of 0.06 to the broad based SPY ETF.
PAM has a market cap of $2.37 billion. This is considered a Mid Cap stock.
In the last 3 years, PAM stock traded as high as $52.17 and as low as $13.14.
The top ETF exchange traded funds that PAM belongs to (by Net Assets): ARGT, AADR.
PAM has outperformed the market in the last year with a price return of +41.2% while the SPY ETF gained +33.6%. However, in the short term, PAM had mixed performance relative to the market. It has underperformed in the last 3 months, returning -12.2% vs +10.1% return in SPY. But in the last 2 weeks, PAM shares have fared better than the market returning +11.1% compared to SPY +1.7%.
PAM support price is $41.17 and resistance is $43.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAM stock will trade within this expected range on the day.