Pampa Energia S.A. (NYSE:PAM) Stock Has Average Price Target of $105.00 According to Brokerages

Shares of Pampa Energia S.A. (NYSE:PAM - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat 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 1-year price target among brokers that have issued ratings on the stock in the last year is $105.00.

PAM has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Pampa Energia from $101.50 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, September 1st. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Wall Street Zen cut Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Pampa Energia in a research report on Wednesday, September 9th.

Insider Activity

In other Pampa Energia news, Director Marcos Mindlin purchased 902,975 shares of the stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $3.34 per share, with a total value of $3,015,936.50. Following the completion of the acquisition, the director owned 21,355,592 shares of the company's stock, valued at approximately $71,327,677.28. This trade represents a 4.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Damian Mindlin acquired 1,432,197 shares of the business's stock in a transaction that occurred on Monday, September 28th. The shares were bought at an average price of $3.89 per share, for a total transaction of $5,571,246.33. Following the completion of the purchase, the insider owned 13,959,067 shares of the company's stock, valued at approximately $54,300,770.63. This represents a 11.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 3,842,122 shares of company stock valued at $49,239,765. Company insiders own 55.52% of the company's stock.

Institutional Trading of Pampa Energia

A number of institutional investors have recently made changes to their positions in the stock. ABS Direct Equity Fund LLC increased its position in shares of Pampa Energia by 5.0% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider's stock valued at $6,378,000 after purchasing an additional 3,699 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Pampa Energia in the second quarter valued at $608,000. Engineers Gate Manager LP boosted its stake in Pampa Energia by 189.7% during the second 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. grew its holdings in Pampa Energia by 24.5% during the first quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider's stock worth $2,187,000 after acquiring an additional 4,866 shares during the period. Finally, Guardian Partners Inc. bought a new stake in Pampa Energia in the first quarter worth about $620,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia Trading Up 0.0%

Shares of NYSE PAM opened at $75.40 on Thursday. Pampa Energia has a 12-month low of $69.34 and a 12-month high of $94.50. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.26 and a beta of 0.93. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. The stock's 50 day simple moving average is $80.85 and its 200 day simple moving average is $82.59.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $746.00 million for the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. Equities research analysts expect that Pampa Energia will post 11.10 EPS for the current year.

Pampa Energia Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.