Pampa Energia (NYSE:PAM) Price Target Cut to $100.00 by Analysts at JPMorgan Chase & Co.

Pampa Energia (NYSE:PAM) had its price objective lowered by equities researchers at JPMorgan Chase & Co. from $105.00 to $100.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 40.07% from the stock’s current price.

A number of other research firms also recently issued reports on PAM. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.33.

Pampa Energia Stock Down 1.7%

Pampa Energia stock traded down $1.26 during midday trading on Monday, reaching $71.39. The company’s stock had a trading volume of 34,946 shares, compared to its average volume of 206,084. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. Pampa Energia has a 52-week low of $69.34 and a 52-week high of $94.50. The stock has a market capitalization of $3.84 billion, a P/E ratio of 6.78, a PEG ratio of 0.23 and a beta of 0.96. The stock’s 50-day simple moving average is $80.64 and its 200-day simple moving average is $82.50.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $746.00 million during the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, sell-side analysts expect that Pampa Energia will post 11.10 EPS for the current year.

Insider Transactions at Pampa Energia

In other Pampa Energia news, Director Marcos Mindlin acquired 902,975 shares of the stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $3.34 per share, with a total value of $3,015,936.50. Following the transaction, the director owned 21,355,592 shares in the company, valued at $71,327,677.28. The trade was a 4.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Damian Mindlin acquired 1,432,197 shares of the business’s stock in a transaction on Monday, September 28th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $5,571,246.33. Following the acquisition, the insider owned 13,959,067 shares of the company’s stock, valued at $54,300,770.63. This represents a 11.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 3,842,122 shares of company stock valued at $49,239,765. 55.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Pampa Energia

Hedge funds have recently added to or reduced their stakes in the stock. Absolute Gestao de Investimentos Ltda. boosted its stake in shares of Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after buying an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Pampa Energia during the first quarter valued at approximately $14,482,000. ABS Direct Equity Fund LLC boosted its position in Pampa Energia by 183.3% during the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after acquiring an additional 47,856 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Pampa Energia by 77.6% in the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock valued at $4,058,000 after purchasing an additional 20,438 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Pampa Energia in the first quarter valued at $1,569,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia Company Profile

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.

The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.