Pampa Energia S.A. (NYSE:PAM) Stock Has Average Target Price of $105.00 According to Analysts

Pampa Energia S.A. (NYSE:PAM) has been assigned an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $105.00.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th.

Insider Transactions at Pampa Energia

In other Pampa Energia news, insider Gustavo Mariani purchased 25,000 shares of the stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average cost of $78.26 per share, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider owned 1,616,184 shares of the company’s stock, valued at $126,482,559.84. The trade was a 1.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Marcos Mindlin purchased 902,975 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $3.34 per share, for a total transaction of $3,015,936.50. Following the completion of the transaction, the director directly owned 21,355,592 shares of the company’s stock, valued at $71,327,677.28. The trade was a 4.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 3,407,122 shares of company stock valued at $14,100,465. Corporate insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAM. ABS Direct Equity Fund LLC raised its holdings in Pampa Energia by 5.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock valued at $6,378,000 after buying an additional 3,699 shares during the period. WINTON GROUP Ltd acquired a new position in Pampa Energia in the second quarter valued at $608,000. Engineers Gate Manager LP raised its stake in shares of Pampa Energia by 189.7% during the second quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock worth $1,302,000 after purchasing an additional 10,382 shares during the last quarter. Wealth High Governance Asset Management Ltda. lifted its position in Pampa Energia by 24.5% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock valued at $2,187,000 after purchasing an additional 4,866 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in Pampa Energia in the first quarter valued at $620,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Stock Up 0.6%

PAM opened at $80.63 on Friday. The company has a fifty day moving average of $81.79 and a two-hundred day moving average of $83.06. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.26 and a beta of 0.93. Pampa Energia has a fifty-two week low of $58.50 and a fifty-two week high of $94.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, research analysts expect that Pampa Energia will post 10.94 earnings per share for the current year.

Pampa Energia Company Profile

Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina’s leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.

In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina’s principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.