Pampa Energia (NYSE:PAM) Hits New 12-Month Low Following Analyst Downgrade

Pampa Energia S.A. (NYSE:PAM) shares hit a new 52-week low during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $105.00 to $100.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Pampa Energia traded as low as $69.21 and last traded at $69.9750, with a volume of 155,765 shares. The stock had previously closed at $72.65.

A number of other research firms have also weighed in on PAM. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.33.

Insider Activity

In other news, Director Marcos Mindlin acquired 902,975 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $3.34 per share, for a total transaction of $3,015,936.50. Following the completion of the transaction, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This trade represents a 4.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gustavo Mariani bought 25,000 shares of Pampa Energia stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of $78.26 per share, for a total transaction of $1,956,500.00. Following the completion of the purchase, the insider directly owned 1,616,184 shares of the company’s stock, valued at $126,482,559.84. This trade represents a 1.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 3,842,122 shares of company stock valued at $49,239,765. 55.52% of the stock is currently owned by insiders.

Institutional Trading of Pampa Energia

Several institutional investors have recently made changes to their positions in the company. DGS Capital Management LLC grew its position in Pampa Energia by 16.6% in the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 438 shares during the period. Modern Wealth Management LLC purchased a new stake in Pampa Energia in the first quarter valued at $371,000. Guardian Partners Inc. acquired a new position in shares of Pampa Energia in the 1st quarter valued at $620,000. WINTON GROUP Ltd acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $608,000. Finally, Titan Global Capital Management USA LLC grew 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 worth $1,205,000 after purchasing an additional 820 shares during the period. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Trading Down 3.3%

The firm has a market capitalization of $3.77 billion, a PE ratio of 6.67, a PEG ratio of 0.23 and a beta of 0.96. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average price of $80.64 and a two-hundred day moving average price of $82.50.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. Analysts expect that Pampa Energia S.A. will post 11.10 EPS for the current fiscal year.

Pampa Energia Company Profile

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.

The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.