Pampa Energia S.A. (NYSE:PAM) Stock Has Consensus Price Target of $105.00 According to Analysts

Pampa Energia S.A. (NYSE:PAM) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $105.00.

PAM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Zacks Research cut 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 research note on Sunday, September 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a report on Wednesday, September 9th.

Pampa Energia Stock Up 2.1%

Shares of PAM stock opened at $81.66 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of 7.76, a PEG ratio of 0.26 and a beta of 0.93. Pampa Energia has a 52 week low of $58.50 and a 52 week high of $94.50. 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 company’s fifty day simple moving average is $82.05 and its two-hundred day simple moving average is $83.14.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The business had revenue of $746.00 million during the quarter. Analysts predict that Pampa Energia will post 10.94 EPS for the current fiscal year.

Insider Activity at Pampa Energia

In other Pampa Energia news, Director Marcos Mindlin purchased 500,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average price of $3.44 per share, with a total value of $1,720,000.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gustavo Mariani acquired 25,000 shares of the stock in a transaction on Friday, September 25th. The shares were acquired at an average price of $78.26 per share, with a total value of $1,956,500.00. Following the transaction, the insider directly owned 1,616,184 shares of the company’s stock, valued at $126,482,559.84. The trade was a 1.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 3,407,122 shares of company stock valued at $14,100,465 over the last 90 days. 55.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. ABS Direct Equity Fund LLC lifted its stake in shares of Pampa Energia by 5.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock valued at $6,378,000 after purchasing an additional 3,699 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Pampa Energia in the 2nd quarter worth approximately $608,000. Engineers Gate Manager LP increased its position in shares of Pampa Energia by 189.7% during the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after purchasing an additional 10,382 shares during the last quarter. Wealth High Governance Asset Management Ltda. raised its holdings in Pampa Energia by 24.5% during the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock valued at $2,187,000 after buying an additional 4,866 shares during the period. Finally, Guardian Partners Inc. purchased a new stake in Pampa Energia during the 1st quarter valued at $620,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina’s leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.

In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina’s principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.