Pampa Energia S.A. (NYSE:PAM) Receives $103.83 Average Price Target from Analysts

Shares of Pampa Energia S.A. (NYSE:PAM) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $103.8333.

A number of equities research analysts recently issued reports on PAM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. JPMorgan Chase & Co. lifted their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th.

Pampa Energia Price Performance

NYSE:PAM opened at $86.28 on Tuesday. Pampa Energia has a one year low of $54.95 and a one year high of $94.50. The stock has a market cap of $4.64 billion, a PE ratio of 10.76, a P/E/G ratio of 2.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. The stock has a 50 day moving average price of $83.57 and a 200 day moving average price of $83.19.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million during the quarter. Equities research analysts expect that Pampa Energia will post 10.13 EPS for the current fiscal year.

Insider Activity

In related news, insider Damian Miguel Mindlin sold 555,000 shares of the company’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 value of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Gustavo Mariani acquired 25,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the completion of the transaction, the vice president directly owned 1,566,184 shares of the company’s stock, valued at $127,487,377.60. This trade represents a 1.62% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 1,710,694 shares of company stock valued at $7,701,005 and have sold 7,157,000 shares valued at $24,696,070. Corporate insiders own 55.52% of the company’s stock.

Hedge Funds Weigh In On Pampa Energia

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Pampa Energia in the 2nd quarter valued at about $37,000. NFJ Investment Group LLC purchased a new position in Pampa Energia during the fourth quarter worth about $104,000. Van ECK Associates Corp purchased a new position in Pampa Energia during the third quarter worth about $139,000. Arete Wealth Advisors LLC acquired a new stake in shares of Pampa Energia during the fourth quarter valued at about $212,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Pampa Energia during the fourth quarter valued at about $234,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.