Pampa Energia (NYSE:PAM) Stock Rating Lowered by Zacks Research

Pampa Energia (NYSE:PAM) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

PAM has been the subject of several other research reports. Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. HSBC upgraded 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia currently has an average rating of “Moderate Buy” and an average price target of $105.00.

Pampa Energia Trading Up 1.8%

Shares of Pampa Energia stock opened at $85.62 on Thursday. 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 firm has a market cap of $4.66 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The business has a fifty day simple moving average of $83.51 and a 200-day simple moving average of $84.54. 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 announced 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 during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. On average, equities analysts forecast that Pampa Energia will post 8.62 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction 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 in the company, valued at $86,902,466.04. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Damian Miguel Mindlin sold 500,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,311,977 shares of company stock valued at $32,265,316 in the last quarter. 55.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pampa Energia

Several hedge funds have recently bought and sold shares of PAM. Pictet Asset Management Holding SA increased its holdings in shares of Pampa Energia by 1.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 316 shares during the last quarter. DGS Capital Management LLC increased its holdings in shares of Pampa Energia by 16.6% during the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 438 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Pampa Energia during the 2nd quarter valued at about $37,000. Titan Global Capital Management USA LLC increased its holdings in shares of Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after acquiring an additional 820 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new stake in Pampa Energia in the 4th quarter valued at approximately $104,000. 12.77% of the stock is 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.