Pampa Energia (NYSE:PAM) Stock Rating Lowered by Zacks Research

Pampa Energia (NYSE:PAM) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Finally, Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.83.

Pampa Energia Stock Down 0.6%

Shares of PAM opened at $85.20 on Monday. Pampa Energia has a one year low of $54.95 and a one year high of $94.50. The firm has a 50 day simple moving average of $83.68 and a two-hundred day simple moving average of $83.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. The company has a market cap of $4.58 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.90 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The firm had revenue of $573.00 million during the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. Research analysts forecast that Pampa Energia will post 10.13 EPS for the current fiscal year.

Insider Activity at Pampa Energia

In related news, VP Gustavo Mariani bought 25,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average cost of $81.40 per share, with a total value of $2,035,000.00. Following the acquisition, the vice president owned 1,566,184 shares of the company’s stock, valued at $127,487,377.60. This represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,500,000 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.54, for a total value of $5,310,000.00. Following the completion of the sale, the director owned 20,055,667 shares in the company, valued at $70,997,061.18. This trade represents a 6.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders purchased 1,710,694 shares of company stock worth $7,701,005 and sold 7,157,000 shares worth $24,696,070. 55.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pampa Energia

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PointState Capital LP acquired a new stake in Pampa Energia during the 4th quarter valued at approximately $24,006,000. Fundamenta Capital S.A. acquired a new stake in shares of Pampa Energia during the fourth quarter worth $23,496,000. Absolute Gestao de Investimentos Ltda. raised its stake in Pampa Energia by 198.1% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after buying an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Pampa Energia during the first quarter valued at $14,482,000. Finally, Seldon Capital LP acquired a new stake in Pampa Energia during the 4th quarter worth about $12,582,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.