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Pampa Energia SA ADR(PAM)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PAM
09/15/2026: PAM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Pampa Energia is a vertically integrated Argentine energy company operating primarily in electricity generation and the exploration and production of oil and gas. Its main strength lies in its ability to connect shale assets in Vaca Muerta with its power generation business, creating a resilient operational model. The primary growth opportunity centers on expanding energy export capacity to regional markets. However, the stock is heavily exposed to significant macroeconomic, regulatory, and political risks inherent in Argentina, which drives high volatility. It is best suited for growth-oriented investors with a high risk tolerance who are looking for exposure to Latin American energy assets, and should be monitored for shifts in local energy policy.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Offers growth potential via Vaca Muerta, but growth is tied to the volatile Argentine macroeconomic environment. |
| Momentum investor | Strong fit while signal remains positive | The stock frequently responds to positive changes in Argentine political and economic sentiment. |
| Value investor | Strong fit | The company often trades at low valuation multiples compared to international energy peers due to country risk. |
| Dividend investor | Weak fit | Dividend payments are irregular, with capital mostly diverted to reinvestment. |
| Low-risk investor | Weak fit | High exposure to sovereign, currency, and regulatory volatility makes this a high-risk asset. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock experiences significant price swings based on Argentine political news. |
| Valuation risk | Medium | While valuations appear low, they are often a direct reflection of underlying country risk. |
| Competition risk (Energy sector) | Medium | Competition for licenses and market share in Argentina remains intense with state-linked giants. |
| Business quality | Medium / high | The company operates high-quality physical assets but is constrained by local economic conditions. |
| Dividend income | Low | Capital is prioritized for growth projects rather than consistent income distribution. |
| Execution risk | Medium | Successful ramp-up of Vaca Muerta assets requires consistent access to capital and stable regulation. |
Price Behavior

Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.

Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -2.91% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals 
Financial Health Rating 
Growth Momentum Score 
Ownership 
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue) 
Economic Dimensions
Quantitative Style Profile 
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.66B USD | Price to earnings Ratio 7.88 | 1Y Target Price 121.09 |
Price to earnings Ratio 7.88 | 1Y Target Price 121.09 | ||
Volume (30-day avg) 183.3K shares | Beta -0.24 | 52 Weeks Range 54.95 - 94.50 | Updated Date 09/15/2026 |
52 Weeks Range 54.95 - 94.50 | Updated Date 09/15/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 11 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Electricity Generation | Thermal, wind, and hydro assets providing power to the grid. | This is a core, stable cash-flow business. |
| Oil and Gas Production | Exploration and development of shale resources in Vaca Muerta. | This represents the primary growth engine for the firm. |
| Geography: Argentina | All operations are concentrated in the Argentine market. | Performance is tied directly to the health of Argentina's economy. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 7.88 | Forward PE 6.68 | Enterprise Value 6.21B | Price to Sales(TTM) 1.92 |
Enterprise Value 6.21B | Price to Sales(TTM) 1.92 | ||
Enterprise Value to Revenue 2.57 | Enterprise Value to EBITDA 7.22 | Shares Outstanding 53.74M | Shares Floating 24.73M |
Shares Outstanding 53.74M | Shares Floating 24.73M | ||
Percent Insiders 0.01 | Percent Institutions 10.08 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Pampa Energia SA ADR
Exchange NYSE | Headquarters - | ||
IPO Launch date 2009-10-09 | CEO, Executive VP & Vice Chairman Mr. Gustavo Mariani CFA | ||
Sector Industrials | Industry Conglomerates | Full time employees - | Website https://ri.pampa.com/en |
Full time employees - | Website https://ri.pampa.com/en | ||
Pampa Energía S.A. operates as an integrated power company in Argentina. The company operates through Oil and Gas; Generation; Petrochemicals; and Holding, Transportation and Others segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,472 megawatt (MW) installed capacity. The company also explores for and produces oil and gas in the provinces of Neuquén and Río Negro. In addition, it produces petrochemicals, such as styrene, synthetic rubber, and polystyrene. Further, the company operates and maintains a 22,445 km high-voltage electricity transmission network in Argentina. Additionally, it holds a concession for the transportation of natural gas with 9,248 km of gas pipelines in the center, west, and south of Argentina; and processes and sells natural gas liquids in Bahía Blanca in the Province of Buenos Aires, as well as offers related advisory services. Pampa Energía S.A. was formerly known as Pampa Holding S.A. and changed its name to Pampa Energía S.A. in September 2008. The company was incorporated in 1945 and is based in Buenos Aires, Argentina.

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