Pampa Energia S.A. (NYSE:PAM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pampa Energia S.A. (NYSE:PAM) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $103.8333.

Several research analysts recently commented on PAM shares. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th.

Pampa Energia Price Performance

NYSE:PAM opened at $80.60 on Friday. Pampa Energia has a 12 month low of $54.95 and a 12 month high of $94.50. The stock has a 50 day moving average of $82.74 and a two-hundred day moving average of $83.67. 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 firm has a market cap of $4.33 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 2.82 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS 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, analysts expect that Pampa Energia will post 9.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Pampa Energia

In related news, Director Marcos Marcelo Mindlin bought 287,916 shares of the stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of $3.37 per share, for a total transaction of $970,276.92. Following the acquisition, the director directly owned 23,057,667 shares in the company, valued at approximately $77,704,337.79. This trade represents a 1.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Damian Miguel Mindlin sold 555,000 shares of the company’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 completion of 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders acquired 1,710,694 shares of company stock worth $7,701,005 and sold 8,637,500 shares worth $29,945,775. 55.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Pampa Energia

Institutional investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA increased its holdings in Pampa Energia by 1.9% in 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 purchasing an additional 316 shares during the last quarter. DGS Capital Management LLC lifted its stake in Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 438 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia during the second quarter worth $37,000. Titan Global Capital Management USA LLC boosted its position in shares of Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after buying an additional 820 shares during the period. Finally, NFJ Investment Group LLC acquired a new stake in shares of Pampa Energia in the fourth quarter valued at $104,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.