Pampa Energia S.A. (NYSE:PAM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pampa Energia S.A. (NYSE:PAM) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $103.8333.

A number of brokerages have commented on PAM. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. boosted their price target on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Finally, Zacks Research raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th.

Insider Transactions at Pampa Energia

In other news, VP Gustavo Mariani bought 25,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $81.40 per share, for a total transaction of $2,035,000.00. Following the completion of the purchase, the vice president owned 1,566,184 shares of the company’s stock, valued at $127,487,377.60. This trade represents a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the sale, the director directly owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. The trade was a 6.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have bought 1,710,694 shares of company stock valued at $7,701,005 and have sold 7,157,000 shares valued at $24,696,070. Corporate insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BW Gestao de Investimentos Ltda. bought a new stake in shares of Pampa Energia in the 4th quarter worth about $3,105,000. Y Intercept Hong Kong Ltd acquired a new stake in Pampa Energia during the first quarter valued at approximately $1,569,000. Hsbc Holdings PLC lifted its holdings in Pampa Energia by 77.6% during the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock worth $4,058,000 after buying an additional 20,438 shares during the last quarter. Fundamenta Capital S.A. acquired a new position in shares of Pampa Energia in the 4th quarter worth approximately $23,496,000. Finally, Wealth High Governance Capital Ltda bought a new stake in shares of Pampa Energia in the 4th quarter valued at approximately $4,861,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energia Stock Performance

Shares of PAM stock opened at $85.69 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The company has a market cap of $4.60 billion, a PE ratio of 10.68, a P/E/G ratio of 2.92 and a beta of 0.97. The company’s fifty day simple moving average is $83.63 and its 200-day simple moving average is $83.16. Pampa Energia has a 52 week low of $54.95 and a 52 week high of $94.50.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The firm had revenue of $573.00 million during the quarter. As a group, equities research analysts anticipate that Pampa Energia will post 10.13 EPS for the current year.

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.