Pampa Energia (NYSE:PAM) Upgraded to “Strong-Buy” 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 report issued on Saturday.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.83.

Pampa Energia Stock Performance

Pampa Energia stock opened at $79.03 on Friday. Pampa Energia has a twelve month low of $54.95 and a twelve month 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 company’s 50-day moving average price is $83.73 and its 200-day moving average price is $83.33. The company has a market cap of $4.25 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.26 and a beta of 0.97.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data 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 return on equity of 15.33% and a net margin of 23.58%. On average, equities research analysts forecast that Pampa Energia will post 10.68 EPS for the current fiscal year.

Insider Activity at Pampa Energia

In other Pampa Energia news, Director Marcos Marcelo Mindlin sold 1,800,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the transaction, the director directly owned 24,971,973 shares in the company, valued at $86,902,466.04. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the transaction, the insider owned 12,541,870 shares in the company, valued at $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders purchased 1,685,694 shares of company stock worth $5,666,005 and sold 5,357,000 shares worth $18,666,070. 55.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in Pampa Energia during the second quarter valued at about $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia in the fourth quarter worth about $104,000. Van ECK Associates Corp purchased a new stake in shares of Pampa Energia during the third quarter valued at about $139,000. Arete Wealth Advisors LLC bought a new position in shares of Pampa Energia during the 4th quarter worth approximately $212,000. Finally, DGS Capital Management LLC purchased a new stake in Pampa Energia during the fourth quarter valued at approximately $234,000. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energia

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.