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

Shares of Pampa Energia S.A. (NYSE:PAM) have been given an average recommendation of “Hold” by the five analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $105.00.

PAM has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. JPMorgan Chase & Co. raised their target price on Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Finally, Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

Insiders Place Their Bets

In other Pampa Energia news, Director Marcos Mindlin acquired 500,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average cost of $3.44 per share, for a total transaction of $1,720,000.00. Following the transaction, the director owned 22,680,592 shares in the company, valued at $78,021,236.48. This represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders purchased 3,360,619 shares of company stock valued at $11,311,974. Company insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAM. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia during the second quarter valued at approximately $37,000. NFJ Investment Group LLC purchased a new position in Pampa Energia during the 4th quarter valued at approximately $104,000. Van ECK Associates Corp bought a new stake in Pampa Energia in the third quarter worth $139,000. Arete Wealth Advisors LLC purchased a new stake in shares of Pampa Energia during the 4th quarter valued at about $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.

Pampa Energia Stock Performance

Shares of PAM stock opened at $86.46 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. Pampa Energia has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The stock has a 50 day moving average price of $83.39 and a two-hundred day moving average price of $83.14. The company has a market capitalization of $4.65 billion, a P/E ratio of 8.21, a PEG ratio of 0.29 and a beta of 0.93.

Pampa Energia (NYSE:PAM) last issued its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The firm had revenue of $746.00 million for the quarter. Analysts expect that Pampa Energia will post 10.66 earnings per share for the current year.

Pampa Energia Company Profile

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.