Pampa Energia (NYSE:PAM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?
by Michael Walen · The Markets DailyShares of Pampa Energia S.A. (NYSE:PAM – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $84.33 and traded as high as $89.39. Pampa Energia shares last traded at $88.4550, with a volume of 172,992 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. boosted their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $103.83.
Get Our Latest Analysis on Pampa Energia
Pampa Energia Trading Up 0.1%
The business’s fifty day moving average is $83.39 and its 200-day moving average is $84.33. The firm has a market cap of $4.81 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04.
Pampa Energia (NYSE:PAM – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The business had revenue of $573.00 million during the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. Analysts predict that Pampa Energia S.A. will post 9.69 EPS for the current year.
Insider Buying and Selling at Pampa Energia
In related news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the completion of the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction 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 directly owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,866,977 shares of company stock valued at $34,235,566. 55.52% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Guardian Partners Inc. bought a new position in Pampa Energia during the 1st quarter worth approximately $620,000. ABS Direct Equity Fund LLC raised its position in shares of Pampa Energia by 183.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after acquiring an additional 47,856 shares in the last quarter. Absolute Gestao de Investimentos Ltda. raised its position in shares of Pampa Energia by 198.1% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after acquiring an additional 190,963 shares in the last quarter. Modern Wealth Management LLC bought a new position in shares of Pampa Energia in the 1st quarter worth about $371,000. Finally, Titan Global Capital Management USA LLC raised its position in shares of Pampa Energia by 6.4% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after acquiring an additional 820 shares in the last quarter. Institutional investors own 12.77% of the company’s stock.
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.