Pampa Energia (NYSE:PAM) Raised to “Hold” at Zacks Research

Pampa Energia (NYSE:PAM) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Finally, Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Pampa Energia Trading Down 1.4%

Shares of NYSE PAM opened at $87.26 on Tuesday. Pampa Energia has a twelve month low of $54.95 and a twelve month high of $94.50. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 3.52 and a beta of 1.06. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average is $83.06 and its 200-day moving average is $80.20.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Sunday, February 15th. The utilities provider reported $2.50 EPS for the quarter. The business had revenue of $507.00 million during the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. Equities research analysts predict that Pampa Energia will post 9.33 EPS for the current year.

Insider Transactions at Pampa Energia

In other Pampa Energia news, VP Damian Miguel Mindlin sold 429,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $3.45, for a total transaction of $1,480,050.00. Following the completion of the transaction, the vice president owned 14,768,847 shares in the company, valued at approximately $50,952,522.15. This represents a 2.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 729,477 shares of company stock worth $2,504,791. 55.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Pampa Energia

A number of institutional investors have recently modified their holdings of PAM. Raymond James Financial Inc. acquired a new position in shares of Pampa Energia during the second quarter worth about $37,000. NFJ Investment Group LLC acquired a new stake in Pampa Energia in the 4th quarter valued at approximately $104,000. Van ECK Associates Corp acquired a new stake in Pampa Energia in the 3rd quarter valued at approximately $139,000. Quantbot Technologies LP bought a new stake in Pampa Energia in the 3rd quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia in the 4th quarter valued at approximately $212,000. 12.77% of the stock is currently owned by institutional investors.

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.