Pampa Energia (NYSE:PAM) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Pampa Energia S.A. (NYSE:PAM) 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 changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.83.

Pampa Energia Stock Performance

The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average is $83.39 and its 200 day moving average is $84.33. The company has a market cap of $4.81 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 3.13 and a beta of 0.95.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The business had revenue of $573.00 million for the quarter. As a group, research analysts predict that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Insider Activity

In other Pampa Energia news, insider Damian Miguel Mindlin sold 555,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the completion of the sale, the insider directly owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00. Following the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. The trade was a 6.72% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,866,977 shares of company stock valued at $34,235,566. Insiders own 55.52% of the company’s stock.

Institutional Trading of Pampa Energia

Large investors have recently made changes to their positions in the company. Fundamenta Capital S.A. purchased a new position in shares of Pampa Energia in the fourth quarter worth about $23,496,000. Insigneo Advisory Services LLC grew its stake in Pampa Energia by 70.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 17,401 shares of the utilities provider’s stock valued at $1,045,000 after acquiring an additional 7,215 shares in the last quarter. Brevan Howard Capital Management LP grew its stake in Pampa Energia by 161.7% during the 3rd quarter. Brevan Howard Capital Management LP now owns 101,553 shares of the utilities provider’s stock valued at $6,099,000 after acquiring an additional 62,750 shares in the last quarter. Helikon Investments Ltd raised its holdings in Pampa Energia by 41.9% in the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider’s stock valued at $41,968,000 after acquiring an additional 206,197 shares during the last quarter. Finally, Wealth High Governance Capital Ltda purchased a new position in Pampa Energia in the 4th quarter worth approximately $4,861,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.