Pampa Energia (NYSE:PAM) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Pampa Energia’s price target from $105 to $100 while maintaining a neutral rating, implying roughly 40% upside from the stock’s previous close.
• Analyst sentiment remains cautious: Pampa Energia has an average Hold rating and a consensus price target of $103.33, following several recent rating downgrades.
• The stock fell 1.7% to $71.39, while insiders purchased 3.84 million shares worth approximately $49.2 million over the past three months; insiders own 55.52% of the company.

Pampa Energia (NYSE:PAM - Get Free Report) had its target price reduced by analysts at JPMorgan Chase & Co. from $105.00 to $100.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 40.07% from the stock's previous close.

Other analysts have also recently issued reports about the company. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Finally, Wall Street Zen cut Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $103.33.

Pampa Energia Trading Down 1.7%

NYSE:PAM traded down $1.26 during midday trading on Monday, reaching $71.39. 34,946 shares of the stock traded hands, compared to its average volume of 206,084. The stock has a market capitalization of $3.84 billion, a P/E ratio of 6.78, a PEG ratio of 0.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. The company has a fifty day moving average of $80.64 and a 200 day moving average of $82.50. Pampa Energia has a 12 month low of $69.34 and a 12 month high of $94.50.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings results 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 for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, research analysts predict that Pampa Energia will post 11.10 EPS for the current year.

Insider Buying and Selling

In other Pampa Energia news, insider Gustavo Mariani bought 25,000 shares of the company's stock in a transaction dated Friday, September 25th. The shares were purchased at an average price of $78.26 per share, for a total transaction of $1,956,500.00. Following the acquisition, the insider owned 1,616,184 shares in the company, valued at approximately $126,482,559.84. This represents a 1.57% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Damian Mindlin purchased 1,432,197 shares of the company's stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average price of $3.89 per share, for a total transaction of $5,571,246.33. Following the purchase, the insider owned 13,959,067 shares in the company, valued at $54,300,770.63. This represents a 11.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 3,842,122 shares of company stock valued at $49,239,765 over the last three months. Corporate insiders own 55.52% of the company's stock.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently modified their holdings of the company. DGS Capital Management LLC boosted its stake in shares of Pampa Energia by 16.6% during the 1st quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider's stock worth $273,000 after acquiring an additional 438 shares during the last quarter. Modern Wealth Management LLC purchased a new position in Pampa Energia in the first quarter worth about $371,000. WINTON GROUP Ltd bought a new position in Pampa Energia during the second quarter valued at $608,000. Guardian Partners Inc. purchased a new stake in Pampa Energia in the 1st quarter worth about $620,000. Finally, Titan Global Capital Management USA LLC lifted its stake in shares of Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider's stock worth $1,205,000 after acquiring an additional 820 shares during the last quarter. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

About Pampa Energia

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina's wholesale power market.

The company's upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.

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