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

Pampa Energia S.A. (NYSE:PAM) has received a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $103.8333.

A number of analysts have recently weighed in on the company. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. lifted their target price on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Wall Street Zen raised Pampa Energia from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th.

Pampa Energia Trading Down 0.1%

Shares of PAM stock opened at $79.03 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. The stock has a market capitalization of $4.25 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 0.27 and a beta of 0.97. The company has a 50 day moving average price of $83.73 and a 200 day moving average price of $83.33. 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 released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The company had revenue of $746.00 million for the quarter. Equities research analysts predict that Pampa Energia will post 10.68 EPS for the current fiscal year.

Insider Transactions at Pampa Energia

In related news, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total value of $1,970,250.00. Following the sale, the insider owned 12,541,870 shares of the company’s stock, valued at $44,523,638.50. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the completion of the sale, the director directly owned 24,971,973 shares in the company, valued at approximately $86,902,466.04. This trade represents a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 1,685,694 shares of company stock valued at $5,666,005 and have sold 5,357,000 shares valued at $18,666,070. Insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

Large investors have recently modified their holdings of the company. PointState Capital LP acquired a new stake in shares of Pampa Energia in the 4th quarter valued at $24,006,000. Fundamenta Capital S.A. acquired a new position in shares of Pampa Energia during the fourth quarter worth $23,496,000. Absolute Gestao de Investimentos Ltda. increased its holdings in Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after buying an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Pampa Energia in the first quarter valued at $14,482,000. Finally, Seldon Capital LP acquired a new stake in Pampa Energia in the fourth quarter valued at $12,582,000. 12.77% of the stock is 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.