Pampa Energia S.A. (NYSE:PAM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Pampa Energia S.A. (NYSE:PAM) have been given a consensus rating of “Hold” by the five brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $105.00.

A number of research firms have commented on PAM. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a report on Wednesday, September 9th. 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 report on Tuesday, September 1st. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

Insider Activity

In related news, Director Marcos Mindlin purchased 500,000 shares of Pampa Energia stock in a transaction dated Monday, August 31st. The stock was purchased at an average cost of $3.44 per share, for a total transaction of $1,720,000.00. Following the completion of the purchase, the director directly owned 22,680,592 shares of the company’s stock, valued at $78,021,236.48. The trade was a 2.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 3,360,619 shares of company stock worth $11,311,974. Company insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

Large investors have recently added to or reduced their stakes in the stock. Absolute Gestao de Investimentos Ltda. lifted its position in 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 valued at $25,433,000 after purchasing an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Pampa Energia during the first quarter valued at about $14,482,000. Assenagon Asset Management S.A. purchased a new stake in Pampa Energia in the first quarter worth about $4,896,000. ABS Direct Equity Fund LLC increased its position in Pampa Energia by 183.3% in the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 47,856 shares in the last quarter. Finally, BW Gestao de Investimentos Ltda. bought a new position in shares of Pampa Energia in the fourth quarter worth about $3,105,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Trading Up 0.2%

NYSE:PAM opened at $86.85 on Wednesday. The company’s 50 day moving average price is $83.57 and its 200-day moving average price is $83.22. Pampa Energia has a 52 week low of $54.95 and a 52 week high of $94.50. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 0.29 and a beta of 0.93.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The company had revenue of $746.00 million during the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, equities research analysts forecast that Pampa Energia will post 10.66 earnings per share for the current fiscal year.

About Pampa Energia

Pampa Energía SA is an integrated energy company headquartered in Buenos Aires, Argentina. Through its subsidiaries and investments, the company operates across electricity generation, oil and gas exploration and production, and petrochemicals. Its activities primarily support Argentina’s domestic energy market.

Pampa generates electricity from a diversified portfolio of thermal, hydroelectric, and renewable power facilities located in several regions of the country. The company also explores for and produces oil and natural gas, including from Argentina’s Vaca Muerta shale formation, and participates in the production of nitrogen-based fertilizers through its investment in Profertil.

Founded in 2005, Pampa expanded its position in Argentina’s energy industry through acquisitions and the development of new generation and hydrocarbon projects.