Pampa Energia (NYSE:PAM) Upgraded at Zacks Research

Zacks Research upgraded shares of Pampa Energia (NYSE:PAM) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

PAM has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and upped their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.00.

Pampa Energia Price Performance

Shares of PAM opened at $89.02 on Tuesday. The business’s 50-day moving average is $83.17 and its 200-day moving average is $80.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.11 and a quick ratio of 2.75. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 3.47 and a beta of 1.06. Pampa Energia has a fifty-two week low of $54.95 and a fifty-two week high of $94.50.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 EPS for the quarter. The business had revenue of $507.00 million during the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. Equities research analysts expect that Pampa Energia will post 9.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Pampa Energia news, VP Damian Miguel Mindlin sold 500,000 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $3.57, for a total transaction of $1,785,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 1,229,477 shares of company stock valued at $4,289,791. Company insiders own 55.52% of the company’s stock.

Institutional Trading of Pampa Energia

Several hedge funds have recently added to or reduced their stakes in PAM. Raymond James Financial Inc. bought a new position in Pampa Energia in the 2nd quarter worth approximately $37,000. NFJ Investment Group LLC bought a new stake in shares of Pampa Energia in the fourth quarter valued at approximately $104,000. Van ECK Associates Corp bought a new stake in shares of Pampa Energia in the third quarter valued at approximately $139,000. Arete Wealth Advisors LLC acquired a new stake in shares of Pampa Energia in the fourth quarter worth $212,000. Finally, DGS Capital Management LLC bought a new position in Pampa Energia during the fourth quarter worth $234,000. 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.