Pampa Energia S.A. (NYSE:PAM) Given Consensus Rating of “Hold” by Brokerages

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

Several research firms recently issued reports on PAM. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, JPMorgan Chase & Co. upped 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.

Pampa Energia Stock Performance

Pampa Energia stock opened at $80.00 on Friday. The stock has a market cap of $4.35 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 2.82 and a beta of 0.95. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $82.83 and a 200-day moving average of $83.97. 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 earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The company 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, analysts expect that Pampa Energia will post 9.69 EPS for the current fiscal year.

Insider Activity at Pampa Energia

In related news, insider Damian Miguel Mindlin sold 555,000 shares of the company’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 transaction of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marcos Marcelo Mindlin purchased 275,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of $3.37 per share, for a total transaction of $926,750.00. Following the completion of the transaction, the director owned 21,646,973 shares in the company, valued at approximately $72,950,299.01. This represents a 1.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,137,500 shares of company stock valued at $31,730,775. Corporate insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Pampa Energia during the 2nd quarter worth $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia during the 4th quarter worth $104,000. Van ECK Associates Corp bought a new position in Pampa Energia during the 3rd quarter worth $139,000. Arete Wealth Advisors LLC bought a new position in Pampa Energia during the 4th quarter worth $212,000. Finally, DGS Capital Management LLC bought a new position in Pampa Energia during the 4th quarter worth $234,000. 12.77% of the stock is currently owned by 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.