Pampa Energia (NYSE:PAM) Stock Dropped to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Pampa Energia from “Buy” to “Hold.” The analyst consensus is also “Hold,” with one Buy and three Hold ratings and a $98.50 average price target.
• The company reported quarterly EPS of $2.41, beating the $2.29 estimate, but revenue of $790 million fell short of the $805.46 million consensus.
• Company insiders bought shares in recent months, including purchases by insider Gustavo Mariani and CFO Adolfo Fernando Zuberbuhler.

Pampa Energia (NYSE:PAM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

PAM has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on Pampa Energia from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, November 2nd. Zacks Research lowered Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Weiss Ratings cut Pampa Energia from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Pampa Energia currently has an average rating of "Hold" and a consensus price target of $98.50.

Pampa Energia Stock Up 3.1%

NYSE PAM opened at $65.14 on Friday. The stock has a market cap of $3.50 billion, a PE ratio of 5.05, a PEG ratio of 0.19 and a beta of 0.96. Pampa Energia has a twelve month low of $61.22 and a twelve month high of $94.50. The firm has a 50-day simple moving average of $77.29 and a 200 day simple moving average of $81.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.47 and a current ratio of 2.79.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.12. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. The firm had revenue of $790.00 million for the quarter, compared to the consensus estimate of $805.46 million. On average, research analysts forecast that Pampa Energia will post 10.81 EPS for the current year.

Insider Activity

In other news, insider Gustavo Mariani bought 25,000 shares of the business's stock in a transaction dated Friday, September 25th. The stock was bought at an average price of $78.26 per share, for a total transaction of $1,956,500.00. Following the completion of the purchase, the insider owned 1,616,184 shares of the company's stock, valued at approximately $126,482,559.84. The trade was a 1.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Adolfo Fernando Zuberbuhler bought 3,136 shares of Pampa Energia stock in a transaction dated Wednesday, November 4th. The stock was acquired at an average cost of $66.11 per share, for a total transaction of $207,320.96. Following the completion of the acquisition, the chief financial officer directly owned 2,885 shares in the company, valued at $190,727.35. This represents a -1,249.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 3,904,153 shares of company stock valued at $53,363,185 over the last three months. 55.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently bought and sold shares of the business. ABS Direct Equity Fund LLC raised its holdings in Pampa Energia by 5.0% in the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider's stock worth $6,378,000 after purchasing an additional 3,699 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $608,000. Engineers Gate Manager LP increased its position in shares of Pampa Energia by 189.7% in the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider's stock valued at $1,302,000 after buying an additional 10,382 shares in the last quarter. Wealth High Governance Asset Management Ltda. increased its position in shares of Pampa Energia by 24.5% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider's stock valued at $2,187,000 after buying an additional 4,866 shares in the last quarter. Finally, Guardian Partners Inc. bought a new stake in shares of Pampa Energia in the 1st quarter valued at $620,000. Institutional investors and hedge funds own 12.77% of the company's stock.

About Pampa Energia

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.

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