Pampa Energia (NYSE:PAM) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Pampa Energia (NYSE:PAM) had its price target lowered by JPMorgan Chase & Co. from $105.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the utilities provider’s stock.

PAM has been the topic of a number of other reports. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Finally, Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pampa Energia has a consensus rating of “Hold” and an average target price of $98.50.

Pampa Energia Stock Down 5.4%

PAM stock opened at $64.82 on Monday. The company has a market cap of $3.48 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 0.23 and a beta of 0.96. The business has a 50-day simple moving average of $79.90 and a 200 day simple moving average of $82.31. Pampa Energia has a 52 week low of $64.69 and a 52 week high of $94.50. The company has a quick ratio of 3.23, a current ratio of 2.79 and a debt-to-equity ratio of 0.65.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The company had revenue of $746.00 million during the quarter. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. Sell-side analysts anticipate that Pampa Energia will post 10.81 EPS for the current fiscal year.

Insider Activity at Pampa Energia

In other news, CFO Adolfo Fernando Zuberbuhler purchased 3,136 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was bought at an average cost of $66.11 per share, for a total transaction of $207,320.96. Following the purchase, the chief financial officer owned 2,885 shares of the company’s stock, valued at approximately $190,727.35. The trade was a -1,249.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Damian Mindlin purchased 1,432,197 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was purchased at an average price of $3.89 per share, with a total value of $5,571,246.33. Following the completion of the purchase, the insider directly owned 13,959,067 shares in the company, valued at $54,300,770.63. The trade was a 11.43% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 3,845,258 shares of company stock worth $49,447,086. Corporate insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Absolute Gestao de Investimentos Ltda. grew its holdings in shares of 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 last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energia in the first quarter valued at approximately $14,482,000. 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 last quarter. Hsbc Holdings PLC raised its holdings in Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock valued at $4,058,000 after buying an additional 20,438 shares during the last quarter. Finally, Wealth High Governance Asset Management Ltda. raised its holdings in Pampa Energia by 24.5% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock valued at $2,187,000 after buying an additional 4,866 shares during the last quarter. Institutional investors own 12.77% of the company’s stock.

Key Pampa Energia News

Here are the key news stories impacting Pampa Energia this week:

• Positive Sentiment: The CFO bought 3,136 shares for about $207,000, an insider purchase that may signal confidence in the company. SEC filing
• Positive Sentiment: Third-quarter profit climbed nearly sixfold, while revenue also increased year over year. Pampa also outlined a plan to ramp Rincón de Aranda production to 40,000 barrels per day by the end of 2027 and 45,000 in the first quarter of 2028, supporting longer-term growth prospects. Quarterly profit report Production ramp plans
• Neutral Sentiment: Q3 revenue was reported at about $790 million, below FactSet’s $806.6 million estimate. The shortfall tempers the otherwise strong earnings growth. Revenue estimate comparison
• Negative Sentiment: An analyst downgrade and a pessimistic JPMorgan price outlook added pressure, with coverage reporting that the shares reached a new 12-month low. JPMorgan outlook Analyst downgrade and 12-month low

About Pampa Energia

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.

The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.