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

Shares of Pampa Energia S.A. (NYSE:PAM) have earned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $103.8333.

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

Insider Activity

In other news, insider Damian Miguel Mindlin sold 555,000 shares of the business’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 owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Gustavo Mariani purchased 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were bought at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the purchase, the vice president directly owned 1,566,184 shares of the company’s stock, valued at approximately $127,487,377.60. The trade was a 1.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 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

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia in the second 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 Pampa Energia in the fourth quarter valued at about $212,000. Finally, DGS Capital Management LLC acquired a new stake in Pampa Energia in the fourth quarter valued at about $234,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Stock Performance

Shares of Pampa Energia stock opened at $89.02 on Tuesday. The firm’s fifty day simple moving average is $83.43 and its 200-day simple moving average is $83.16. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 3.10 and a beta of 0.97. Pampa Energia has a 12 month low of $54.95 and a 12 month 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.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The firm had revenue of $573.00 million during the quarter. As a group, equities analysts forecast that Pampa Energia will post 9.89 earnings per share for the current year.

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.