Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pampa Energia (NYSE:PAM) from a buy rating to a strong-buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other research analysts have also 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. lifted their target price on shares of Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Pampa Energia currently has a consensus rating of “Hold” and an average target price of $105.00.

Pampa Energia Trading Down 0.6%

NYSE:PAM opened at $81.09 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. Pampa Energia has a fifty-two week low of $57.14 and a fifty-two week high of $94.50. The stock’s 50-day moving average is $83.57 and its two-hundred day moving average is $83.36. The stock has a market cap of $4.36 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 0.27 and a beta of 0.93.

Pampa Energia (NYSE:PAM) last posted its quarterly 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 during the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. As a group, equities research analysts forecast that Pampa Energia will post 10.94 earnings per share for the current fiscal year.

Insider Activity at Pampa Energia

In other news, Director Marcos Mindlin acquired 500,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $3.44 per share, for a total transaction of $1,720,000.00. Following the completion of the acquisition, the director owned 22,680,592 shares of the company’s stock, valued at approximately $78,021,236.48. This represents a 2.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders purchased 3,360,619 shares of company stock valued at $11,311,974. Insiders own 55.52% of the company’s stock.

Institutional Trading of Pampa Energia

Large investors have recently added to or reduced their stakes in the business. Absolute Gestao de Investimentos Ltda. boosted 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 worth $25,433,000 after purchasing an additional 190,963 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energia during the first quarter valued at approximately $14,482,000. Assenagon Asset Management S.A. bought a new position in shares of Pampa Energia in the first quarter valued at approximately $4,896,000. ABS Direct Equity Fund LLC raised its position in shares of 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 valued at $6,359,000 after purchasing an additional 47,856 shares during the period. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in shares of Pampa Energia in the fourth quarter worth $3,105,000. 12.77% of the stock is owned by institutional investors.

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.