Pampa Energia (NYSE:PAM) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

Pampa Energia (NYSE:PAM – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday, Wall Street Zen reports.

PAM has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. JPMorgan Chase & Co. increased their target price on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Finally, Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $105.00.

View Our Latest Analysis on Pampa Energia

Pampa Energia Trading Up 0.1%

Shares of NYSE PAM opened at $81.64 on Friday. Pampa Energia has a one year low of $54.95 and a one year high of $94.50. The firm has a market capitalization of $4.39 billion, a PE ratio of 7.75, a PEG ratio of 0.27 and a beta of 0.93. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $83.62 and a two-hundred day moving average price of $83.32.

Pampa Energia (NYSE:PAM – Get Free Report) last released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The company had revenue of $746.00 million for the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. As a group, analysts predict that Pampa Energia will post 10.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pampa Energia news, Director Marcos Mindlin sold 1,502,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the transaction, the director directly owned 21,555,667 shares in the company, valued at $73,504,824.47. This trade represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 3,360,619 shares of company stock worth $11,311,974 over the last 90 days. Corporate insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Absolute Gestao de Investimentos Ltda. boosted its position in Pampa Energia by 198.1% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after purchasing an additional 190,963 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Pampa Energia in the first quarter valued at approximately $14,482,000. Assenagon Asset Management S.A. acquired a new stake in shares of Pampa Energia in the first quarter worth $4,896,000. ABS Direct Equity Fund LLC lifted its stake in shares of Pampa Energia by 183.3% in the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 47,856 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in shares of Pampa Energia in the fourth quarter worth $3,105,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Pampa Energia Company Profile

(Get Free Report)

Pampa Energía SA is an integrated energy company headquartered in Buenos Aires, Argentina. Through its subsidiaries and investments, the company operates across electricity generation, oil and gas exploration and production, and petrochemicals. Its activities primarily support Argentina’s domestic energy market.

Pampa generates electricity from a diversified portfolio of thermal, hydroelectric, and renewable power facilities located in several regions of the country. The company also explores for and produces oil and natural gas, including from Argentina’s Vaca Muerta shale formation, and participates in the production of nitrogen-based fertilizers through its investment in Profertil.

Founded in 2005, Pampa expanded its position in Argentina’s energy industry through acquisitions and the development of new generation and hydrocarbon projects.

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