Pampa Energia S.A. (NYSE:PAM) Stock Rated “Hold” by Wall Street Brokerages

Shares of Pampa Energia S.A. (NYSE:PAM) have been given a consensus rating of “Hold” by the four ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $98.50.

Several research analysts have recently commented on PAM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. JPMorgan Chase & Co. cut their price objective on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. Finally, Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

Insiders Place Their Bets

In other news, insider Gustavo Mariani acquired 25,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $78.26 per share, for a total transaction of $1,956,500.00. Following the transaction, the insider directly owned 1,616,184 shares of the company’s stock, valued at approximately $126,482,559.84. This trade represents a 1.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Damian Mindlin bought 1,432,197 shares of the stock in a transaction that occurred on Monday, September 28th. The shares were purchased at an average price of $3.89 per share, for a total transaction of $5,571,246.33. Following the purchase, the insider owned 13,959,067 shares in the company, valued at $54,300,770.63. This represents a 11.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 3,842,122 shares of company stock worth $49,239,765 over the last three months. 55.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently bought and sold shares of the business. Absolute Gestao de Investimentos Ltda. lifted its position 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 acquiring an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energia during the first quarter worth about $14,482,000. ABS Direct Equity Fund LLC grew its position in shares of 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 purchasing an additional 47,856 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Pampa Energia by 77.6% during the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock worth $4,058,000 after purchasing an additional 20,438 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Pampa Energia during the 1st quarter valued at approximately $1,569,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Trading Down 3.8%

Shares of Pampa Energia stock opened at $69.86 on Thursday. Pampa Energia has a 1-year low of $69.20 and a 1-year high of $94.50. The company’s fifty day simple moving average is $80.44 and its 200-day simple moving average is $82.44. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. The stock has a market capitalization of $3.75 billion, a PE ratio of 6.63, a P/E/G ratio of 0.24 and a beta of 0.93.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The firm had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. As a group, equities analysts anticipate that Pampa Energia will post 11.10 earnings per share for the current year.

About Pampa Energia

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.