Pampa Energia (NYSE:PAM) Price Target Raised to $105.00

Pampa Energia (NYSE:PAM) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $101.50 to $105.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 24.29% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pampa Energia presently has a consensus rating of “Hold” and a consensus target price of $105.00.

Pampa Energia Trading Up 2.6%

Shares of PAM stock traded up $2.16 on Tuesday, reaching $84.48. 100,874 shares of the stock were exchanged, compared to its average volume of 215,640. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. The stock has a market cap of $4.54 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.27 and a beta of 0.97. The firm has a 50 day moving average of $82.53 and a two-hundred day moving average of $82.90. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $94.50.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. On average, research analysts anticipate that Pampa Energia will post 10.68 EPS for the current year.

Insider Activity

In related news, insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia 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 transaction, the insider directly owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marcos Marcelo Mindlin sold 1,502,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00. Following the completion of the sale, the director directly owned 21,555,667 shares of the company’s stock, valued at approximately $73,504,824.47. This represents a 6.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have bought 2,860,619 shares of company stock worth $9,591,974 and have sold 3,557,000 shares worth $12,402,070. Company insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Pampa Energia during the second quarter worth $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia in the 4th quarter worth about $104,000. Van ECK Associates Corp acquired a new position in shares of Pampa Energia in the 3rd quarter valued at about $139,000. Arete Wealth Advisors LLC bought a new stake in shares of Pampa Energia during the 4th quarter valued at about $212,000. Finally, DGS Capital Management LLC acquired a new stake in Pampa Energia during the fourth quarter worth about $234,000. 12.77% of the stock is owned by institutional investors and hedge funds.

About Pampa Energia

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.