Analysts Set Pampa Energia S.A. (NYSE:PAM) Price Target at $103.83

Shares of Pampa Energia S.A. (NYSE:PAM) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $103.8333.

Several research analysts have recently issued reports on PAM shares. JPMorgan Chase & Co. upped their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Wall Street Zen upgraded shares of Pampa Energia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th.

Insider Transactions at Pampa Energia

In other news, Director Marcos Marcelo Mindlin purchased 902,975 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average price of $3.34 per share, for a total transaction of $3,015,936.50. Following the purchase, the director directly owned 21,355,592 shares of the company’s stock, valued at $71,327,677.28. This represents a 4.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’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 value of $1,970,250.00. Following the transaction, the insider owned 12,541,870 shares in the company, valued at $44,523,638.50. This represents a 4.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 2,985,619 shares of company stock worth $10,011,724 and have sold 3,557,000 shares worth $12,402,070. 55.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Pampa Energia

Several large investors have recently modified their holdings of PAM. Y Intercept Hong Kong Ltd purchased a new stake in Pampa Energia in the 1st quarter valued at $1,569,000. Wealth High Governance Capital Ltda purchased a new position in Pampa Energia during the 4th quarter worth $4,861,000. BW Gestao de Investimentos Ltda. purchased a new position in Pampa Energia during the 4th quarter worth $3,105,000. Hsbc Holdings PLC increased its stake in 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, Fundamenta Capital S.A. acquired a new position in Pampa Energia in the fourth quarter valued at $23,496,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia Price Performance

PAM stock opened at $79.66 on Friday. The business has a 50 day moving average price of $83.15 and a 200 day moving average price of $83.04. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.27 and a beta of 0.97. Pampa Energia has a fifty-two week low of $54.95 and a fifty-two week high of $94.50.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS 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. Equities research analysts anticipate that Pampa Energia will post 10.68 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.