Pampa Energia (NYSE:PAM) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Pampa Energia (NYSE:PAM) from a strong-buy rating to a buy rating in a report released on Sunday morning.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised their target price on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia presently has an average rating of “Hold” and a consensus price target of $103.83.

Pampa Energia Stock Performance

Shares of Pampa Energia stock opened at $79.74 on Friday. The company has a 50 day moving average price of $82.91 and a 200 day moving average price of $82.97. The firm has a market capitalization of $4.29 billion, a P/E ratio of 7.57, a PEG ratio of 0.27 and a beta of 0.97. 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 has a 52 week low of $54.95 and a 52 week high of $94.50.

Pampa Energia (NYSE:PAM) last released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The company had revenue of $746.00 million for the quarter. Sell-side analysts expect that Pampa Energia will post 10.68 EPS for the current year.

Insider Buying and Selling at Pampa Energia

In other Pampa Energia news, insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia stock in a transaction dated 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 completion of the transaction, the insider owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Marcos Marcelo Mindlin acquired 902,975 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average cost of $3.34 per share, with a total value of $3,015,936.50. Following the acquisition, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This trade represents a 4.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 2,710,619 shares of company stock worth $9,084,974 and sold 3,557,000 shares worth $12,402,070. 55.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Pampa Energia

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Pampa Energia by 85.4% in the first quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after acquiring an additional 74,841 shares during the period. Jane Street Group LLC increased its holdings in shares of Pampa Energia by 44.1% during the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after purchasing an additional 6,005 shares in the last quarter. Marshall Wace LLP increased 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 valued at $3,965,000 after purchasing an additional 10,195 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $578,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $379,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.