Pampa Energia (NYSE:PAM) Sets New 1-Year Low – Time to Sell?

Pampa Energia S.A. (NYSE:PAM) reached a new 52-week low on Monday. The stock traded as low as $63.05 and last traded at $63.5030, with a volume of 3,320 shares traded. The stock had previously closed at $63.58.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.50.

Pampa Energia Trading Down 1.9%

The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 0.20 and a beta of 0.96. The company’s 50-day moving average is $78.54 and its 200-day moving average is $81.96. The company has a quick ratio of 2.47, a current ratio of 2.79 and a debt-to-equity ratio of 0.65.

Pampa Energia (NYSE:PAM) last released its earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.12. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. The company had revenue of $790.00 million for the quarter, compared to analyst estimates of $805.46 million. Research analysts anticipate that Pampa Energia S.A. will post 10.81 earnings per share for the current fiscal year.

Insider Activity

In other Pampa Energia news, insider Damian Mindlin bought 1,432,197 shares of the company’s stock in a transaction on Monday, September 28th. The shares were bought at an average price of $3.89 per share, for a total transaction of $5,571,246.33. Following the transaction, the insider owned 13,959,067 shares of the company’s stock, valued at approximately $54,300,770.63. This trade represents a 11.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marcos Mindlin bought 902,975 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average cost of $3.34 per share, with a total value of $3,015,936.50. Following the completion of the purchase, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This represents a 4.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 3,883,910 shares of company stock worth $52,063,184 in the last 90 days. Corporate insiders own 55.52% of the company’s stock.

Hedge Funds Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently made changes to their positions in PAM. Absolute Gestao de Investimentos Ltda. grew its holdings in Pampa Energia by 198.1% during 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 buying an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energia during the first quarter worth approximately $14,482,000. ABS Direct Equity Fund LLC boosted its position in Pampa Energia by 5.0% during the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock worth $6,378,000 after acquiring an additional 3,699 shares during the last quarter. Wealth High Governance Asset Management Ltda. grew its stake in Pampa Energia by 24.5% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock worth $2,187,000 after acquiring an additional 4,866 shares during the period. Finally, Engineers Gate Manager LP grew its stake in Pampa Energia by 189.7% in the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock worth $1,302,000 after acquiring an additional 10,382 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia Company Profile

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.