Pampa Energia S.A. (NYSE:PAM) Given Average Recommendation of “Hold” by Analysts

Pampa Energia S.A. (NYSE:PAM) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $103.8333.

Several equities analysts have recently weighed in on PAM shares. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective 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, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th.

Pampa Energia Stock Performance

NYSE PAM opened at $80.00 on Friday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.82 and a beta of 0.95. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $94.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. The business’s 50-day simple moving average is $82.83 and its 200-day simple moving average is $83.97.

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

Insiders Place Their Bets

In related news, VP Gustavo Mariani purchased 25,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average price of $81.40 per share, for a total transaction of $2,035,000.00. Following the acquisition, the vice president directly owned 1,566,184 shares in the company, valued at $127,487,377.60. The trade was a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00. Following the completion of the transaction, the director owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. This represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,137,500 shares of company stock worth $31,730,775 in the last 90 days. 55.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia during the 2nd quarter valued at approximately $37,000. NFJ Investment Group LLC purchased a new position in shares of Pampa Energia during the 4th quarter valued at approximately $104,000. Van ECK Associates Corp purchased a new position in shares of Pampa Energia during the 3rd quarter valued at approximately $139,000. Quantbot Technologies LP purchased a new position in shares of Pampa Energia during the 3rd quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Pampa Energia during the 4th quarter valued at approximately $212,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energia Company Profile

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.