Brokerages Set Pampa Energia S.A. (NYSE:PAM) PT at $103.83

Pampa Energia S.A. (NYSE:PAM) has been given an average recommendation of “Hold” by the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $103.8333.

Several equities research analysts have recently commented on PAM shares. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. upped their price target on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th.

Insider Activity

In other Pampa Energia news, VP Gustavo Mariani acquired 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was purchased at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the transaction, the vice president directly owned 1,566,184 shares in the company, valued at approximately $127,487,377.60. The trade was a 1.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Damian Miguel Mindlin sold 555,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,866,977 shares of company stock valued at $34,235,566 in the last 90 days. Company insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. PointState Capital LP bought a new stake in shares of Pampa Energia during the 4th quarter valued at $24,006,000. Fundamenta Capital S.A. bought a new stake in shares of Pampa Energia during the 4th quarter valued at $23,496,000. Helikon Investments Ltd raised its position in shares of Pampa Energia by 41.9% during the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after purchasing an additional 206,197 shares during the period. Absolute Gestao de Investimentos Ltda. raised its position in shares of Pampa Energia by 198.1% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after purchasing an additional 190,963 shares during the period. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energia during the 1st quarter valued at $14,482,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Price Performance

NYSE PAM opened at $81.71 on Monday. The business’s fifty day moving average price is $83.49 and its 200-day moving average price is $84.40. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $94.50.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The firm had revenue of $573.00 million for the quarter. On average, equities analysts predict that Pampa Energia will post 9.69 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.