Pampa Energia S.A. (NYSE:PAM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Pampa Energia S.A. (NYSE:PAM) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $103.8333.

Several brokerages have recently issued reports on PAM. 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 reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their price objective 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. Finally, Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th.

Pampa Energia Trading Up 2.5%

Shares of PAM opened at $83.94 on Tuesday. The stock’s fifty day simple moving average is $82.96 and its 200-day simple moving average is $83.16. The firm has a market capitalization of $4.51 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.84 and a beta of 0.97. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $94.50. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data 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 return on equity of 12.23% and a net margin of 20.31%. As a group, research analysts predict that Pampa Energia will post 9.89 earnings per share for the current year.

Insider Buying and Selling at Pampa Energia

In related news, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 in the company, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00. Following the completion of the transaction, the director directly owned 24,971,973 shares in the company, valued at $86,902,466.04. The trade was a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 1,710,694 shares of company stock worth $7,701,005 and sold 8,657,000 shares worth $29,961,070. 55.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pampa Energia by 8.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock valued at $41,845,000 after purchasing an additional 45,653 shares in the last quarter. Absolute Gestao de Investimentos Ltda. boosted its position in shares of 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 purchasing an additional 190,963 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Pampa Energia by 20.5% during the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock worth $24,319,000 after purchasing an additional 46,719 shares in the last quarter. PointState Capital LP acquired a new position in shares of Pampa Energia in the 4th quarter valued at $24,006,000. Finally, Fundamenta Capital S.A. acquired a new position in shares of Pampa Energia in the 4th quarter valued at $23,496,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.