Wall Street Zen Downgrades Pampa Energia (NYSE:PAM) to Buy

Pampa Energia (NYSE:PAM) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $103.83.

Pampa Energia Stock Up 1.4%

Pampa Energia stock opened at $80.64 on Friday. Pampa Energia has a twelve month low of $54.95 and a twelve month high of $94.50. The stock’s fifty day simple moving average is $83.03 and its 200-day simple moving average is $83.00. 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 firm has a market capitalization of $4.33 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.27 and a beta of 0.97.

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 return on equity of 15.33% and a net margin of 23.58%.The firm had revenue of $746.00 million during the quarter. As a group, equities analysts expect that Pampa Energia will post 10.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pampa Energia news, insider Damian Miguel Mindlin sold 555,000 shares of the 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 transaction, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,502,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the sale, the director directly owned 21,555,667 shares in the company, valued at approximately $73,504,824.47. The trade was a 6.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders purchased 2,985,619 shares of company stock valued at $10,011,724 and sold 3,557,000 shares valued at $12,402,070. Corporate insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of PAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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. Absolute Gestao de Investimentos Ltda. lifted its holdings in shares of Pampa Energia by 198.1% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after purchasing an additional 190,963 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Pampa Energia by 20.5% in the 4th 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 during the period. PointState Capital LP acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $24,006,000. Finally, Balyasny Asset Management L.P. grew its stake in Pampa Energia by 68.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider’s stock worth $10,455,000 after buying an additional 70,862 shares during the last quarter. 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.