Pampa Energia S.A. (NYSE:PAM) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Pampa Energia has a consensus “Hold” rating from five analysts: three holds and two buys. The average 12-month price target is $105, compared with the stock’s opening price of $86.22.
• The company reported quarterly earnings of $2.50 per share on $746 million in revenue, with a 23.58% net margin and 15.33% return on equity. Analysts expect full-year earnings of approximately $10.66 per share.
• Director Marcos Mindlin sold 1.502 million shares, while insiders collectively purchased 3.36 million shares during the quarter; insiders own 55.52% of the company, and institutional investors own 12.77%.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $105.00.

A number of research firms have recently issued reports on PAM. JPMorgan Chase & Co. raised their price target on Pampa Energia from $101.50 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 1st. Zacks Research downgraded Pampa Energia from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Pampa Energia in a research report on Friday, June 12th. Finally, Wall Street Zen downgraded Pampa Energia from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 23rd.

Pampa Energia Stock Up 1.7%

PAM opened at $86.22 on Wednesday. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $83.00 and a 200-day moving average price of $83.04. Pampa Energia has a twelve month low of $54.95 and a twelve month high of $94.50. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.28 and a beta of 0.93.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings data 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 for the quarter. Equities research analysts forecast that Pampa Energia will post 10.66 earnings per share for the current year.

Insider Buying and Selling at Pampa Energia

In related news, Director Marcos Mindlin sold 1,502,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00. Following the transaction, the director owned 21,555,667 shares of the company's stock, valued at approximately $73,504,824.47. This trade 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 link. In the last quarter, insiders have purchased 3,360,619 shares of company stock valued at $11,311,974. 55.52% of the stock is owned by corporate insiders.

Institutional Trading of Pampa Energia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAM. Y Intercept Hong Kong Ltd bought a new position in shares of Pampa Energia during the 1st quarter valued at approximately $1,569,000. BW Gestao de Investimentos Ltda. bought a new stake in Pampa Energia during the 4th quarter worth approximately $3,105,000. Hsbc Holdings PLC lifted its holdings in Pampa Energia by 77.6% during the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock valued at $4,058,000 after purchasing an additional 20,438 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Pampa Energia during the first quarter valued at approximately $14,482,000. Finally, Guardian Partners Inc. bought a new position in shares of Pampa Energia in the first quarter worth approximately $620,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.

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