Pampa Energia (NYSE:PAM) Price Target Raised to $105.00

Pampa Energia (NYSE:PAM) had its target price raised by JPMorgan Chase & Co. from $101.50 to $105.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.

PAM has been the subject of several other reports. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Finally, Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research 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 stock presently has an average rating of “Hold” and an average price target of $105.00.

Pampa Energia Trading Down 2.1%

PAM opened at $84.60 on Tuesday. The stock’s fifty day moving average is $82.78 and its two-hundred day moving average is $82.94. The company has a market capitalization of $4.55 billion, a P/E ratio of 8.03, a PEG ratio of 0.29 and a beta of 0.93. 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.

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

Insider Buying and Selling

In other Pampa Energia news, Director Marcos Mindlin sold 1,502,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the completion of the sale, the director directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 3,360,619 shares of company stock valued at $11,311,974 in the last ninety days. Insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. PointState Capital LP purchased a new stake in Pampa Energia during the fourth quarter valued at approximately $24,006,000. Absolute Gestao de Investimentos Ltda. grew its holdings in Pampa Energia by 198.1% in 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 last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energia during the first quarter worth $14,482,000. Seldon Capital LP acquired a new position in shares of Pampa Energia during the fourth quarter worth $12,582,000. Finally, Invesco Ltd. acquired a new position in shares of Pampa Energia during the fourth quarter worth $9,736,000. 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.