Zacks Research Upgrades Pampa Energia (NYSE:PAM) to Hold

Pampa Energia (NYSE:PAM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

PAM has been the topic of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.00.

Pampa Energia Stock Down 1.4%

NYSE:PAM opened at $87.26 on Tuesday. Pampa Energia has a 1 year low of $54.95 and a 1 year high of $94.50. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.52 and a beta of 1.06. The stock has a 50-day moving average price of $83.06 and a two-hundred day moving average price of $80.20.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The company had revenue of $507.00 million for the quarter. As a group, equities analysts expect that Pampa Energia will post 9.33 earnings per share for the current year.

Insider Transactions at Pampa Energia

In other Pampa Energia news, VP Damian Miguel Mindlin sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $3.41, for a total value of $1,023,000.00. Following the sale, the vice president owned 14,468,847 shares in the company, valued at approximately $49,338,768.27. The trade was a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 729,477 shares of company stock valued at $2,504,791. 55.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pampa Energia

Hedge funds have recently made changes to their positions in the business. Helikon Investments Ltd raised its holdings in shares of Pampa Energia by 41.9% in the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after purchasing an additional 206,197 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after purchasing an additional 45,653 shares during the last quarter. JPMorgan Chase & Co. grew its position in Pampa Energia by 20.5% in the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock valued at $24,319,000 after purchasing an additional 46,719 shares in the last quarter. PointState Capital LP bought a new position in Pampa Energia in the fourth quarter valued at $24,006,000. Finally, Fundamenta Capital S.A. acquired a new stake in Pampa Energia in the 4th quarter valued at $23,496,000. 12.77% of the stock is owned by 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.