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

Shares of Pampa Energia S.A. (NYSE:PAM) have been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $105.00.

PAM has been the topic of a number of research analyst reports. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Finally, Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 23rd.

Insider Buying and Selling

In related news, Director Marcos Mindlin purchased 500,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were acquired at an average price of $3.44 per share, for a total transaction of $1,720,000.00. Following the purchase, the director directly owned 22,680,592 shares in the company, valued at $78,021,236.48. This trade represents a 2.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 3,360,619 shares of company stock valued at $11,311,974. 55.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Pampa Energia

Several large investors have recently made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock worth $12,547,000 after buying an additional 74,841 shares in the last quarter. Jane Street Group LLC increased its stake in Pampa Energia by 44.1% in the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after acquiring an additional 6,005 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Pampa Energia by 21.7% during the 2nd quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after acquiring an additional 10,195 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Pampa Energia during the 2nd quarter worth approximately $578,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Pampa Energia during the 2nd quarter valued at approximately $379,000. 12.77% of the stock is owned by institutional investors.

Pampa Energia Price Performance

NYSE:PAM opened at $86.22 on Wednesday. The business’s 50-day simple moving average is $83.00 and its two-hundred day simple moving average is $83.04. Pampa Energia has a 52 week low of $54.95 and a 52 week high of $94.50. The stock has a market cap of $4.63 billion, a PE ratio of 8.19, a P/E/G ratio of 0.28 and a beta of 0.93. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share 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, analysts forecast that Pampa Energia will post 10.66 EPS for the current fiscal 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.