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Pampa Energia (NYSE:PAM) Stock, Option Chain

Pampa Energia

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.

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Pampa Energia SA

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<p>JP Morgan  analyst Rodolfo Angele   maintains Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) with a Neutral and raises the price target from $59 to $93.5.</p>


Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Pampa Energia, Raises Price Target to $93.5

<p>As of Dec. 17, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>Pampa Energia S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>)</strong></h3>
<ul>
<li>On Nov. 6, Pampa Energia reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $1.90 per share. The company's shares gained around 15% over the past month and has a 5<a href="https://www.benzinga.com/quote/PAM">2-week high of $93.11</a>.</li>
<li><strong>RSI Value:</strong> 80.27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>PAM Price Action:</strong> Shares of Pampa Energia gained 2.7% to close at $91.79 on Monday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Central Puerto SA &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEPU#NYSE">CEPU</a>)</strong></h3>
<ul>
<li>On Sept. 11, B of A Securities analyst Gustavo Faria maintained Central Puerto with a Neutral and raised the price target from $11 to $12. The company's stock gained around 16% over the past month and <a href="https://www.benzinga.com/quote/CEPU">has a 52-week high</a> of $16.34.</li>
<li><strong>RSI Value:</strong> 81.36</li>
<li><strong>CEPU Price Action:</strong> Shares of Central Puerto gained 1.8% to close at $15.48 on Monday.</li>
</ul>
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<p>As of Dec. 3, 2024, three stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>VivoPower International PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVPR#NASDAQ">VVPR</a>)</strong></h3>
<ul>
<li>On Oct. 3, VivoPower's Tembo announced a definitive agreement with pre-eminent jeepney group, Sarao Motors, in the Philippines' estimated US$10 billion jeepney market. Executive Chairman and CEO of VivoPower, Kevin Chin, said, "We are absolutely honoured that Tembo is partnering with Sarao Motors, a household name in the Philippines that is well recognised and highly respected by the Philippines government and the Filipino people alike. For Sarao to have selected Tembo as its exclusive e-jeepney kits and solutions provider, it is a testament to the considered, careful, and comprehensive approach to the engineering quality and safety that underpins our culture and modus operandi." The company's stock gained around 45% over the past five days and has a <a href="https://www.benzinga.com/quote/VVPR">52-week high of $9.90</a>.</li>
<li><strong>RSI Value:</strong> 70.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>VVPR Price Action:</strong> Shares of VivoPower jumped 11% to close at $1.31 on Monday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Pampa Energia S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>)</strong></h3>
<ul>
<li>On Nov. 6, Pampa Energia reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $1.90 per share. The company's stock gained around 32% over the past month and <a href="https://www.benzinga.com/quote/PAM">has a 52-week high</a> of $89.69.</li>
<li><strong>RSI Value:</strong> 83.39</li>
<li><strong>PAM Price Action:</strong> Shares of Pampa Energia gained 1.6% to close at $86.93 on Monday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Empresa Distribuidora y Cmrz Nrt SA </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDN#NYSE">EDN</a>)</h3>
<ul>
<li>On Aug. 6, Edenor named Daniel Marx as Chairman and CEO. The company's stock gained around 29% over the past month and has a <a href="https://www.benzinga.com/quote/EDN">52-week high</a> of $41.49.</li>
<li><strong>RSI Value:</strong> 81.44</li>
<li><strong>EDN Price Action:</strong> Shares of EDN gained 1.4% to close at $40.52 on Monday.</li>
</ul>
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</ul>


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Shares of US-listed Argentine stocks are trading higher on continued strength after the nation received a credit upgrade from Fitch over the weekend.

<p>As of Nov. 15, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. </p>
<p>Here's the latest list of major overbought players in this sector.</p>
<h3 class="wp-block-heading"><strong>Pure Cycle Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>)</strong></h3>
<ul>
<li>On Nov. 13, Pure Cycle reported a year-over-year increase in fourth-quarter financial results. &#8220;Due to the continued success of our Sky Ranch Master Planned community, we now have three phases of lot development under construction accelerating the timing of delivering our lots to home builder customers as well as lots for our single-family rental segment. As we complete final landscaping in Phase 2A, lot production accelerated deliveries in the remaining half of our fiscal year with completion of approximately 211 lots in Phase 2B and substantial progress on our overlapping production of 228 lots in Phase 2C,&#8221; commented Mark Harding, CEO of Pure Cycle. The company's stock gained around 23% over the past month and has a <a href="https://www.benzinga.com/quote/PCYO">52-week high of $13.40</a>.</li>
<li><strong>RSI Value:</strong> 81.73&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li><strong>PCYO Price Action:</strong> Shares of Pure Cycle gained 11.6% to close at $13.04 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Pampa Energia S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>)</strong></h3>
<ul>
<li>On Nov. 6, the company reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $1.90 per share. The company reported quarterly sales of $540.000 million which missed the analyst consensus estimate of $581.284 million. The company's stock gained around 16% over the past month and <a href="https://www.benzinga.com/quote/PAM">has a 52-week high</a> of $76.31.</li>
<li><strong>RSI Value:</strong> 82.26</li>
<li><strong>PAM Price Action:</strong> Shares of Pampa Energia gained 2.5% to close at $75.84 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>Xcel Energy Inc </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>)</h3>
<ul>
<li>On Nov. 4, Xcel Energy announced a registered underwritten offering of 18,320,610 shares of its common stock at a public offering price of $65.50 per share. The company's stock gained around 9% over the past month and has a <a href="https://www.benzinga.com/quote/XEL">52-week high</a> of $69.53.</li>
<li><strong>RSI Value:</strong> 71.29</li>
<li><strong>XEL Price Action:</strong> Shares of Xcel Energy gained 0.4% to close at $68.91 on Thursday.</li>
</ul>
<h3 class="wp-block-heading"><strong>IDACORP Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>)</h3>
<ul>
<li>On Oct. 31, Idacorp reported quarterly earnings of $2.12 per share which missed the analyst consensus estimate of $2.18 per share. The company's stock jumped around 13% over the past month and has a 52-week high is $119.65.</li>
<li><strong>RSI Value:</strong> 73.18</li>
<li><strong>IDA Price Action:</strong> Shares of IDACORP fell 0.5% to close at $116.74 on Thursday. </li>
</ul>
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<p>Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $1.90 by 42.11 percent.  The company reported quarterly sales of $540.000 million which missed the analyst consensus estimate of $581.284 million by 7.10 percent.  This is a 13.92 percent increase over sales of $474.000 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

Pampa Energia Q3 2024 GAAP EPS $2.70 Beats $1.90 Estimate, Sales $540.000M Miss $581.284M Estimate

DESP

Shares of US-listed Argentine stocks are trading higher after Donald Trump's presidential victory.

<p>Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.</p>
<p>Analysts anticipate Pampa Energia to report an <strong>earnings per share</strong> (EPS) of $1.94.</p>
<p>Investors in Pampa Energia are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.</p>
<p>It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.</p>
<h3>Earnings Track Record</h3>
<p>In the previous earnings release, the company missed EPS by $0.09, leading to a 10.38% increase in the share price the following trading session.</p>
<p>Here's a look at Pampa Energia's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.89</td>
<td>1.51</td>
<td></td>
<td>2</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.80</td>
<td>4.90</td>
<td>-2.9</td>
<td>2.8</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>10.0%</td>
<td>-1.0%</td>
<td>-6.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<h3>Market Performance of Pampa Energia's Stock</h3>
<p>Shares of Pampa Energia were trading at $65.72 as of November 04. Over the last 52-week period, shares are up 86.21%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analyst Views on Pampa Energia</h3>
<p>Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Pampa Energia.</p>
<p>Analysts have provided Pampa Energia with 3 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $62.0, suggesting a potential 5.66% downside.</p>
<h3>Comparing Ratings with Competitors</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of MGE Energy, Portland Gen Electric and Hawaiian Electric Indus, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>MGE Energy received a Underperform consensus from analysts, with an average 1-year price target of $72.5, implying a potential 10.32% upside.</li>
<li>As per analysts' assessments, Portland Gen Electric is favoring an Neutral trajectory, with an average 1-year price target of $50.17, suggesting a potential 23.66% downside.</li>
<li>The consensus among analysts is an Neutral trajectory for Hawaiian Electric Indus, with an average 1-year price target of $12.9, indicating a potential 80.37% downside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
<p>Within the peer analysis summary, vital metrics for MGE Energy, Portland Gen Electric and Hawaiian Electric Indus are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>TXNM Energy</td>
<td>Outperform</td>
<td>12.53%</td>
<td>$409.09M</td>
<td>5.40%</td>
</tr>
<tr>
<td>MGE Energy</td>
<td>Underperform</td>
<td>-1.54%</td>
<td>$62.60M</td>
<td>2.05%</td>
</tr>
<tr>
<td>Portland Gen Electric</td>
<td>Neutral</td>
<td>15.84%</td>
<td>$418M</td>
<td>2.64%</td>
</tr>
<tr>
<td>Hawaiian Electric Indus</td>
<td>Neutral</td>
<td>0.19%</td>
<td>$-1.72B</td>
<td>-74.83%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Pampa Energia ranks at the top for Revenue Growth and Gross Profit among its peers. However, it ranks at the bottom for Return on Equity.</p>
<h3>All You Need to Know About Pampa Energia</h3>
<p>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.</p>
<h3>Pampa Energia: A Financial Overview</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> Pampa Energia's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>304.57%</strong>. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> Pampa Energia's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>20.17%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Pampa Energia's ROE excels beyond industry benchmarks, reaching <strong>3.48%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>1.91%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Pampa Energia's debt-to-equity ratio is below the industry average. With a ratio of <b>0.54</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<p><a href="https://www.benzinga.com/quote/PAM/earnings"><strong>To track all earnings releases for Pampa Energia visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Pampa Energia Earnings Preview

<p>JP Morgan  analyst Rodolfo Angele   maintains Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) with a Neutral and raises the price target from $55 to $59.</p>


JP Morgan Maintains Neutral on Pampa Energia, Raises Price Target to $59

BIOX

Shares of US-listed Argentine stocks are trading higher after Banco de la Nacion, the country's largest bank, stated it wants to issue debt and return to international capital markets for the first time in 30 years.

<p>JP Morgan  analyst Rodolfo Angele   maintains Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) with a Neutral and raises the price target from $47 to $55.</p>


JP Morgan Maintains Neutral on Pampa Energia, Raises Price Target to $55

<p><strong>Pampa Energia S.A.&#39;s</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) strategic investments continue to maintain asset quality and help expand its generation portfolio. The company benefits from its efforts to expand its operations in the generation, transmission and distribution of electricity in Argentina. Given its strong growth, PAM makes for a solid investment option in the utility sector.</p>
<p>Let&#39;s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment option at the moment.</p>
<h2>PAM&#39;s Growth Projections &amp; Surprise History</h2>
<p>The Zacks Consensus Estimate for Pampa Energia&#39;s 2024 earnings per share has moved up 20.6% to $9.54 in the past 60 days.</p>
<p>The Zacks Consensus Estimate for 2024 sales is pinned at $1.88 billion, indicating year-over-year growth of 8.5%.</p>
<p>The company delivered an average earnings surprise of 62% in the past four quarters.</p>
<h2>PAM&#39;s Return on Equity (ROE)</h2>
<p>ROE indicates how efficiently a company has been utilizing its funds to generate higher returns. Currently, Pampa Energia&#39;s ROE is 12.59%, higher than the industry&#39;s average of 10.34%. This indicates that the company has been utilizing its shareholders&#39; funds more constructively (to generate income) than its peers in the electric power utility industry.</p>
<h2>PAM&#39;s Debt Position</h2>
<p>Currently, PAM&#39;s total debt to capital is 34.73%, better than the industry&#39;s average of 60.86%.</p>
<p>The time-to-interest earned ratio at the end of the second quarter of 2024 was 2.8. The ratio, being greater than one, reflects the company&#39;s ability to meet future interest obligations without difficulties.</p>
<h2>PAM&#39;s Liquidity</h2>
<p>Its current ratio of 2.33 is better than the industry&#39;s average of 0.85. A current ratio greater than one indicates that the company has enough short-term assets to liquidate for covering all short-term liabilities, if necessary.</p>
<h2>PAM&#39;s Focus on Clean Power Generation</h2>
<p>Since 2018, Pampa Energia has been actively developing wind energy, establishing itself as one of Argentina&#39;s leading renewable energy companies. It continues to add more renewable power through inorganic growth and development of MAT ER projects. During the second quarter of 2024, the company&#39;s net power generation was 5,067 gigawatt-hour, including hydro, wind and thermal.</p>
<p>Its PEPE VI project is expected to add 140 megawatts&nbsp;of wind power. The total completion is expected by October 2024. PAM&#39;s investment of more than $250 million should bring its total installed wind power capacity to 427 MW, positioning it as one of the country&#39;s leading renewable power producers.</p>
<h2>PAM&#39;s Stock Price Performance</h2>
<p>In the past three months, Pampa Energia&#39;s shares have risen 31% compared with the industry&#39;s 12% growth.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/1a/77836.jpg?v=330926510" /></p>
<p>Image Source: Zacks Investment Research</p>
<h2>Other Stocks to Consider</h2>
<p>A few other top-ranked stocks from the same industry are <strong>DTE Energy</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dte#NYSE">DTE</a>), <strong>Evergy</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evrg#NASDAQ">EVRG</a>) and <strong>Xcel Energy</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xel#NASDAQ">XEL</a>), each carrying a Zacks Rank #2.</p>
<p>DTE&#39;s long-term (three to five years) earnings growth rate is 8.14%. The Zacks Consensus Estimate for 2024 EPS implies a year-over-year increase of 16.9%.</p>
<p>EVRG&#39;s long-term earnings growth rate is 5.85%. The Zacks Consensus Estimate for 2024 EPS implies year-over-year growth of 8.8%.</p>
<p>XEL&#39;s long-term earnings growth rate is 6.39%. The company delivered an average earnings surprise of 0.7% in the past four quarters.</p>
<p><a href="https://www.zacks.com/stock/news/2336324/reasons-to-add-pampa-energia-stock-to-your-portfolio-right-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2336324">To read this article on Zacks.com click here.</a></p>


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Reasons to Add Pampa Energia Stock to Your Portfolio Right Now

<p>B of A Securities  analyst Frank McGann   maintains Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) with a Buy and raises the price target from $62 to $72.</p>


B of A Securities Maintains Buy on Pampa Energia, Raises Price Target to $72

<p><strong>Petrobras </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg. This move aligns with PBR&#39;s goal to diversify and enhance its natural gas supplies, which is a key factor in driving Brazil&#39;s industrial growth. As part of a larger international expansion plan, this strategy underlines PBR&#39;s ambition to restore its oil and gas reserves domestically and abroad while catering to rising energy demands.</p>
<h2>Strategic Focus: Diversifying Energy Sources Beyond Brazil</h2>
<p>Historically, PBR has focused on deepwater oil fields within Brazil. However, the company&#39;s latest five-year strategic plan indicates a shift toward broader international ventures, especially in Latin America and Africa. The pursuit of shale gas assets in Argentina marks a significant step in this direction. Tecpetrol SA, a unit of billionaire Paolo Rocca&#39;s Techint Group, is included among the assets being considered, according to industry insiders.</p>
<h2>The Rationale Behind Petrobras&#39; Interest in Argentina</h2>
<p>The Vaca Muerta formation in Argentina, often compared to the Permian Basin in the United States, is one of the largest shale reserves globally. Despite previous challenges due to Argentina&#39;s regulatory environment and economic instability, recent developments such as pipeline expansions and regulatory reforms under president Javier Milei have reignited interest in this region. PBR is looking to capitalize on these improvements, aiming not to just import gas from Argentina but to actively participate in production.</p>
<h2>Argentina&#39;s Vaca Muerta: A Key to Brazil&#39;s Industrial Growth</h2>
<p>Vaca Muerta has long been considered a sleeping giant in the global shale landscape. Recent progress, including pipeline construction and deregulation, has unlocked the region&#39;s potential, making this a strategic target for energy companies like PBR. Major players in the Vaca Muerta region include <strong>YPF SA</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>), <strong>TotalEnergies SE</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tte#NYSE">TTE</a>), <strong>Pampa Energia SA</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) and <strong>Pan American Energy Group</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/paanf#OTC">PAANF</a>), which is 50% owned by <strong>BP Plc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bp#NYSE">BP</a>).</p>
<h2>Existing Partnerships and New Opportunities</h2>
<p>PBR previously divested most of its assets from Argentina but retained a 34% stake in the Rio Neuquen shale gas field, a venture alongside YPF and Pampa. With new momentum in the region, PBR sees an opportunity to not only re-establish itself but to potentially expand its stake in other lucrative assets. The company&#39;s involvement could accelerate gas exports from Argentina to Brazil, supporting Brazil&#39;s industrial needs.</p>
<h2>Pipeline Infrastructure: Enabling Cross-Border Energy Flow</h2>
<p>A key component of this strategy involves reversing the flow of existing pipelines to facilitate gas transport from Argentina to Brazil. Traditionally, Bolivia has supplied natural gas to both countries, but declining production levels have created a gap that Vaca Muerta can fill. Engineers are working to adjust pipeline systems to allow surplus gas from Vaca Muerta to reach Brazil&#39;s industrial hub in S&atilde;o Paulo.</p>
<h2><strong>Potential Direct Pipeline to Southern Brazil</strong></h2>
<p>In addition to utilizing existing routes through Bolivia, discussions are underway regarding the possibility of extending another pipeline directly from Argentina into southern Brazil. This would eliminate the need for a circuitous route and enhance supply reliability, further solidifying PBR&#39;s role in the regional energy market.</p>
<h2>Political Dynamics: Navigating Cross-Border Tensions</h2>
<p>PBR&#39;s expansion plans are not without political challenges. Relations between Brazil&#39;s president Luiz Inacio Lula da Silva and Argentina&#39;s president Javier Milei have been tense, yet economic interests appear to supersede diplomatic disagreements. In June, Lula met with Neuquen&#39;s governor, Rolando Figueroa, at an investment conference in Rio de Janeiro to explore collaboration opportunities. PBR&#39;s CEO Magda Chambriard also held discussions with Lula to align strategies for boosting gas supplies and reducing prices in Brazil.</p>
<h2>Balancing Industrial Growth With Environmental Commitments</h2>
<p>One of the controversies surrounding PBR&#39;s gas ambitions is its potential impact on Brazil&#39;s environmental goals. Brazil currently boasts one of the cleanest electricity grids globally, with 90% of the country&#39;s power coming from renewable sources like hydro, wind and solar. Increased reliance on natural gas could displace renewables and hinder Brazil&#39;s green transition plans, especially as the country aims to become a leader in green hydrogen production.</p>
<h2>Argentina&#39;s Shale Gas: A Catalyst for Regional Energy Markets</h2>
<p>As Argentina ramps up shale production, the Vaca Muerta region is poised to become a critical energy hub for South America. With production in the Neuquen Basin already exceeding 1 million barrels of oil equivalent per day, Argentina is preparing to meet both domestic and export demands. Recently, Tecpetrol and TTE received pre-authorization to export gas to Brazil, highlighting the region&#39;s growing role in cross-border energy trade.</p>
<h2>Vaca Muerta&#39;s Role in Petrobras&#39; Long-Term Strategy</h2>
<p>PBR&#39;s production is expected to peak around 2030 unless new discoveries or acquisitions are made. The Vaca Muerta shale formation could be the answer, offering a reliable source of gas to complement Brazil&#39;s energy mix. By investing in Argentina&#39;s shale assets, PBR is positioning itself to secure long-term supplies while navigating the region&#39;s evolving energy landscape.</p>
<h2>Conclusion</h2>
<p>PBR&#39;s move to explore shale gas deals in Argentina is more than just an expansion strategy. This is a calculated bet on the future of regional energy markets. As Argentina continues to improve the country&#39;s business environment and pipeline infrastructure, PBR stands to benefit significantly. Whether through direct involvement in Vaca Muerta or cross-border gas imports, the company&#39;s strategy aligns with its broader goals of enhancing energy security and fueling Brazil&#39;s industrial growth.</p>
<h2>Zacks Rank</h2>
<p>Currently, PBR carries a Zacks Rank #3 (Hold).</p>
<p><a href="https://www.zacks.com/stock/news/2327663/petrobras-seeks-to-increase-energy-imports-from-argentina?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2327663">To read this article on Zacks.com click here.</a></p>


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Petrobras Seeks to Increase Energy Imports From Argentina

Pampa Energia shares are trading higher after the company reported better-than-expected Q2 EPS results.

<p>Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) reported quarterly earnings of $1.80 per share which beat the analyst consensus estimate of $0.95 by 89.47 percent.  The company reported quarterly sales of $500.000 million which missed the analyst consensus estimate of $518.270 million by 3.53 percent.  This is a 7.76 percent increase over sales of $464.000 million the same period last year.</p>


Pampa Energia Q2 2024 GAAP EPS $1.80 Beats $0.95 Estimate, Sales $500.000M Miss $518.270M Estimate

<p>Citigroup  analyst Andres Cardona   upgrades Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) from Neutral to Buy and raises the price target from $51 to $58.</p>


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Citigroup Upgrades Pampa Energia to Buy, Raises Price Target to $58

Shares of US-listed Argentina stocks are trading higher after Argentina's Senate passed the Bases law.

<p>JP Morgan  analyst Rodolfo Angele   maintains Pampa Energia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) with a Neutral and raises the price target from $46.5 to $47.5.</p>


JP Morgan Maintains Neutral on Pampa Energia, Raises Price Target to $47.5

Press Releases

Pampa Energia Announces Fiscal Year and Fourth Quarter 2023 Results

Pampa Energía Informs the Market That It Has Filed Its Annual Report on Form 20-F for the Fiscal Year Ended December 31, 2023

Pampa Energia Announces First Quarter 2024 Results

Pampa Energía Announces Six-Month Period and Second Quarter 2024 Results

Pampa Energía Announces Nine-Month Period and Third Quarter 2024 Results

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