Pampa Energia S.A. (NYSE:PAM) Given Consensus Recommendation of “Hold” by Brokerages

Pampa Energia S.A. (NYSE:PAM) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $103.8333.

A number of research firms have recently issued reports on PAM. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and raised their price objective for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. 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 research report on Monday. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th.

Insider Activity

In other Pampa Energia news, Director Marcos Marcelo Mindlin acquired 275,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $3.37 per share, with a total value of $926,750.00. Following the completion of the transaction, the director directly owned 21,646,973 shares in the company, valued at approximately $72,950,299.01. This represents a 1.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Damian Miguel Mindlin sold 57,500 shares of the stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $3.47, for a total value of $199,525.00. Following the transaction, the vice president owned 13,910,870 shares in the company, valued at approximately $48,270,718.90. This trade represents a 0.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,311,977 shares of company stock valued at $32,265,316 over the last three months. Insiders own 55.52% of the company’s stock.

Hedge Funds Weigh In On Pampa Energia

A number of large investors have recently made changes to their positions in the company. Fundamenta Capital S.A. bought a new position in Pampa Energia during the 4th quarter worth $23,496,000. Brevan Howard Capital Management LP increased its stake in Pampa Energia by 161.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider’s stock worth $6,099,000 after acquiring an additional 62,750 shares during the period. Helikon Investments Ltd increased its stake in Pampa Energia by 41.9% during the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after acquiring an additional 206,197 shares during the period. Wealth High Governance Capital Ltda bought a new position in Pampa Energia during the 4th quarter worth $4,861,000. Finally, Verde Servicos Internacionais S.A. bought a new position in Pampa Energia during the 3rd quarter worth $601,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Stock Up 3.0%

NYSE PAM traded up $2.58 during trading hours on Monday, hitting $87.83. 327,021 shares of the company traded hands, compared to its average volume of 241,735. Pampa Energia has a twelve month low of $54.95 and a twelve month high of $94.50. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 3.39 and a beta of 0.96. The business’s 50-day moving average is $83.51 and its 200-day moving average is $84.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million during the quarter. Sell-side analysts anticipate that Pampa Energia will post 8.62 earnings per share for the current year.

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.