Move around to choose best one: Pampa Energia S.A. (NYSE: PAM)

On 11 May 2020, Pampa Energia S.A. (NYSE: PAM) stock observed trading -68.66% off 52-week high price. On the other end, the stock has been noted 30.85% away from low price over the last 52-weeks. The stock disclosed a move of 6.73% away from 50 day moving average and -23.47% away from 200 day moving average. Moving closer, we can see that shares have been trading 13.43% off 20-day moving average.

Pampa Energía S.A. (PAM) declared the results for the fiscal year and quarter ended on December 31, 2019.

Main Results for the Fiscal Year 2019

Consolidated net revenues of US$2,836M1, 3% lower than the US$2,920M recorded in the fiscal year 2018,Because of decreases of 15% in oil and gas, 5% in petrochemicals, 44% in holding and others, and higher eliminations Because of intersection sales of US$205M, partially offset by increases of 35% in power generation and 1% in electricity distribution.

  • Power Generation of 15,582 GWh from 15 power plants2
  • Electricity sales of 19,974 GWh to 3.1M end-users
  • Production of 48.2 thousand barrels of oil equivalent (‘boe’) per day of hydrocarbons
  • Sales of 343 thousand tons of petrochemical products

Consolidated adjusted EBITDAfor continuing operations of US$915M, 9% lower than the US$1,001M for 2018, mainly Because of decreases of 31% in electricity distribution, 34% in oil and gas, and 15% in holding and others, partially offset by increases of 20% in power generation, US$29M in petrochemicals and higher intersection eliminations of US$1M.

Consolidated gain attributable to the owners of the Company of US$692M, US$468M higher than the US$224M gain in 2018, mainlyBecause of the on-time non-cash gain for the settlement of Edenor’s regulatory liabilities and lower accrual of losses from FX difference as a result of change to FC US$, partially offset by decrease at operating margins in electricity distribution and oil and gas.

Main Results for the Fourth Quarter 2019 (‘Q4 19’)4

Consolidated net revenues of US$702M, a 10% higher than the US$640M recorded for the fourth quarter 2018 (‘Q4 18’), explained by increases of 2% in power generation and 37% in electricity distribution, partially offset by decreases of 22% in oil and gas, 2% in petrochemicals, 45% in holding and others, and higher eliminations Because of intersection sales (US$10M).

  • Power Generation of 3,805 GWh from 15 power plants
  • Electricity sales of 4,745 GWh to 3.1M end-users
  • Production of 47.7 thousand boe per day of hydrocarbons
  • Sales of 91 thousand tons of petrochemical products

Consolidated adjusted EBITDA for continuing operations of US$170M, 3% higher contrast to the US$165M reached at Q4 18,Because of increases of 9% in power generation, US$8M in electricity distribution, lower losses of US$18M in petrochemicals and higher intersection eliminations for US$2M, partially offset by decreases of 56% in oil and gas and 11% in holding and others.

The Argentina based company Pampa Energia S.A. moved with change of 6.14% to $11.41 with the total traded volume of 338894 shares in recent session versus to an average volume of 500.34K. PAM’s shares are at -17.32% for the quarter and driving a -50.80% return over the course of the past year and is now at -30.55% since this point in 2018. There are 110M shares outstanding and 56.82M shares are floated in market.

 

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