Pampa Energia S.A. (NYSE:PAM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Pampa Energia S.A. (NYSE:PAM) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $103.8333.

PAM has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Zacks Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Finally, Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th.

Insiders Place Their Bets

In other news, insider Damian Miguel Mindlin sold 555,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Gustavo Mariani bought 25,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of $81.40 per share, for a total transaction of $2,035,000.00. Following the purchase, the vice president owned 1,566,184 shares of the company’s stock, valued at approximately $127,487,377.60. The trade was a 1.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 1,710,694 shares of company stock valued at $7,701,005 and have sold 8,637,500 shares valued at $29,945,775. 55.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAM. Millennium Management LLC grew its stake in shares of Pampa Energia by 85.4% during the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after buying an additional 74,841 shares during the last quarter. Jane Street Group LLC grew its stake in Pampa Energia by 44.1% in the first quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock worth $1,514,000 after purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP grew its stake in Pampa Energia by 21.7% in the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after purchasing an additional 10,195 shares in the last quarter. Federated Hermes Inc. bought a new position in Pampa Energia in the second quarter worth approximately $578,000. Finally, Qube Research & Technologies Ltd bought a new position in Pampa Energia in the second quarter worth approximately $379,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Price Performance

NYSE:PAM opened at $82.03 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.41 billion, a P/E ratio of 10.23, a P/E/G ratio of 2.89 and a beta of 0.95. Pampa Energia has a 12 month low of $54.95 and a 12 month high of $94.50. The business’s 50-day moving average is $82.82 and its 200 day moving average is $83.79.

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

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.