Pampa Energia (NYSE:PAM) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Pampa Energia (NYSE:PAM) from a strong-buy rating to a buy rating in a research note released on Sunday morning.

A number of other brokerages have also weighed in on PAM. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. JPMorgan Chase & Co. raised their price target on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Finally, Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.83.

Pampa Energia Price Performance

PAM stock opened at $79.66 on Friday. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.27 and a beta of 0.97. The firm’s 50-day moving average price is $83.15 and its two-hundred day moving average price is $83.02. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAM) last posted its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The company had revenue of $746.00 million during the quarter. As a group, equities analysts predict that Pampa Energia will post 10.68 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Marcos Marcelo Mindlin sold 1,502,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $3.41, for a total value of $5,121,820.00. Following the completion of the transaction, the director owned 21,555,667 shares of the company’s stock, valued at approximately $73,504,824.47. This represents a 6.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total value of $1,970,250.00. Following the completion of the transaction, the insider owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 2,985,619 shares of company stock worth $10,011,724 and have sold 3,557,000 shares worth $12,402,070. 55.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Pampa Energia

A number of hedge funds have recently modified their holdings of PAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Pampa Energia by 8.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after acquiring an additional 45,653 shares in the last quarter. Absolute Gestao de Investimentos Ltda. boosted its stake 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 acquiring an additional 190,963 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Pampa Energia by 20.5% during the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock worth $24,319,000 after acquiring an additional 46,719 shares in the last quarter. PointState Capital LP bought a new stake in Pampa Energia during the fourth quarter worth about $24,006,000. Finally, Balyasny Asset Management L.P. grew its holdings in Pampa Energia by 68.7% in the third quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider’s stock worth $10,455,000 after purchasing an additional 70,862 shares during the period. Institutional investors own 12.77% of the company’s stock.

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.