Pampa Energia (NYSE:PAM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Pampa Energia S.A. (NYSE:PAM) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $84.33 and traded as high as $89.39. Pampa Energia shares last traded at $88.4550, with a volume of 172,992 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PAM shares. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. upped their target price on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and upped their target price for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.83.

Pampa Energia Stock Up 0.1%

The company has a market cap of $4.81 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average price is $83.39 and its 200-day moving average price is $84.33.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The business had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Sell-side analysts predict that Pampa Energia S.A. will post 9.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the completion of the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. This trade represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 9,866,977 shares of company stock valued at $34,235,566. Company insiders own 55.52% of the company’s stock.

Hedge Funds Weigh In On Pampa Energia

A number of large investors have recently modified their holdings of PAM. Helikon Investments Ltd grew its holdings in Pampa Energia by 41.9% during the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after purchasing an additional 206,197 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after purchasing an additional 45,653 shares during the period. Absolute Gestao de Investimentos Ltda. boosted its position in Pampa Energia by 198.1% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after purchasing an additional 190,963 shares during the period. JPMorgan Chase & Co. boosted its position in Pampa Energia by 20.5% during the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock worth $24,319,000 after purchasing an additional 46,719 shares during the period. Finally, PointState Capital LP bought a new position in Pampa Energia during the fourth quarter worth $24,006,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

About Pampa Energia

Pampa Energía SA is Argentina’s largest independent energy company, with integrated operations spanning electricity generation, transmission, distribution and oil and gas activities. The company holds a diversified portfolio of thermal and hydroelectric power plants, along with growing investments in renewable energy projects, serving both domestic and regional markets.

In its electricity business, Pampa Energía develops and operates plants that supply energy to Argentina’s power grid.