Pampa Energia (NYSE:PAM) Hits New 1-Year Low – Here’s What Happened

Pampa Energia S.A. (NYSE:PAM)’s stock price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $63.05 and last traded at $63.5030, with a volume of 3,320 shares traded. The stock had previously closed at $63.58.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PAM. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Wednesday, September 9th. JPMorgan Chase & Co. cut their target price on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Finally, Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $98.50.

Pampa Energia Stock Performance

The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 5.07, a price-to-earnings-growth ratio of 0.19 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 2.47. The stock’s 50-day moving average is $79.22 and its 200-day moving average is $82.14.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.12. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. The company had revenue of $790.00 million during the quarter, compared to the consensus estimate of $805.46 million. Analysts anticipate that Pampa Energia S.A. will post 10.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pampa Energia news, insider Damian Mindlin bought 19,239 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was purchased at an average cost of $66.93 per share, for a total transaction of $1,287,666.27. Following the completion of the purchase, the insider owned 729,545 shares of the company’s stock, valued at $48,828,446.85. This trade represents a 2.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adolfo Fernando Zuberbuhler purchased 3,136 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were bought at an average cost of $66.11 per share, for a total transaction of $207,320.96. Following the purchase, the chief financial officer owned 2,885 shares of the company’s stock, valued at $190,727.35. This trade represents a -1,249.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 3,883,910 shares of company stock worth $52,063,184 in the last three months. Company insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently added to or reduced their stakes in the company. Absolute Gestao de Investimentos Ltda. increased its stake in 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 acquiring an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energia in the 1st quarter valued at about $14,482,000. ABS Direct Equity Fund LLC lifted its stake in shares of Pampa Energia by 183.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock valued at $6,359,000 after purchasing an additional 47,856 shares in the last quarter. Engineers Gate Manager LP grew its holdings 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 worth $1,302,000 after purchasing an additional 10,382 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Pampa Energia during the 2nd quarter worth about $608,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market.

Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.