JPMorgan Chase & Co. Issues Positive Forecast for Pampa Energia (NYSE:PAM) Stock Price

Pampa Energia (NYSE:PAM) had its price target increased by research analysts at JPMorgan Chase & Co. from $97.50 to $101.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 16.04% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $103.83.

Pampa Energia Stock Up 2.6%

Pampa Energia stock traded up $2.22 during trading hours on Monday, hitting $87.47. The company had a trading volume of 265,141 shares, compared to its average volume of 241,355. The firm has a market capitalization of $4.76 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 3.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. The firm’s fifty day moving average is $83.51 and its 200-day moving average is $84.52. 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 posted its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million during the quarter. On average, research analysts forecast that Pampa Energia will post 8.62 earnings per share for the current year.

Insider Activity

In other Pampa Energia news, Director Marcos Marcelo Mindlin purchased 275,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $3.37 per share, with a total value of $926,750.00. Following the completion of the transaction, the director owned 21,646,973 shares in the company, valued at $72,950,299.01. This trade represents a 1.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Damian Miguel Mindlin sold 57,500 shares of the firm’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $3.47, for a total value of $199,525.00. Following the completion of the sale, the vice president directly owned 13,910,870 shares in the company, valued at approximately $48,270,718.90. This represents a 0.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,311,977 shares of company stock valued at $32,265,316. 55.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Helikon Investments Ltd lifted its holdings in shares of Pampa Energia by 41.9% during the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock worth $41,968,000 after acquiring an additional 206,197 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pampa Energia by 8.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after acquiring an additional 45,653 shares during the period. Absolute Gestao de Investimentos Ltda. lifted its holdings in shares of Pampa Energia by 198.1% during 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pampa Energia by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock worth $24,319,000 after acquiring an additional 46,719 shares during the period. Finally, PointState Capital LP bought a new position in shares of Pampa Energia during the 4th quarter worth about $24,006,000. Institutional investors own 12.77% of the company’s stock.

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.