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

Pampa Energia S.A. (NYSE:PAM) has been given an average rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $103.8333.

Several analysts have commented on the stock. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Finally, Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th.

Pampa Energia Stock Down 3.3%

NYSE PAM opened at $81.71 on Monday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $83.49 and a two-hundred day moving average of $84.42. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.99 and a beta of 0.95. Pampa Energia has a 52 week low of $54.95 and a 52 week high of $94.50.

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

Insider Activity

In other news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 24,971,973 shares in the company, valued at $86,902,466.04. This represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. This trade represents a 4.24% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,866,977 shares of company stock worth $34,235,566. Corporate insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

A number of large investors have recently bought and sold shares of PAM. Millennium Management LLC boosted its position in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after buying an additional 74,841 shares during the last quarter. Jane Street Group LLC boosted its position in Pampa Energia by 44.1% in the first quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after buying an additional 6,005 shares during the last quarter. Marshall Wace LLP boosted its position in Pampa Energia by 21.7% in the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock valued at $3,965,000 after buying an additional 10,195 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Pampa Energia in the second quarter valued at approximately $578,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Pampa Energia in the second quarter valued at approximately $379,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.