Pampa Energia (NYSE:PAM) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Technical breakout: Pampa Energía's shares moved above the 200‑day moving average (200‑day MA $81.26), trading as high as $89.03 and last at $86.6050 on volume of 227,821 shares.
• Analyst sentiment improving: The stock's average rating is "Moderate Buy" with a consensus target of $105.00 after recent upgrades (HSBC to Buy with a $97 target; Wall Street Zen to Strong‑Buy; Zacks to Hold).
• Notable insider selling amid concentrated insider ownership: VP Damian Mindlin sold 500,000 shares (about $1.785M), insiders have sold ~1.23M shares worth $4.29M in the last 90 days, yet insiders still own 55.52%; several institutions have also recently increased stakes.

Pampa Energia S.A. (NYSE:PAM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.26 and traded as high as $89.03. Pampa Energia shares last traded at $86.6050, with a volume of 227,821 shares traded.

Analyst Ratings Changes

PAM has been the subject of a number of research analyst reports. Zacks Research raised shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. HSBC raised shares of Pampa Energia from a "hold" rating to a "buy" rating and lifted their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.00.

Pampa Energia Stock Down 1.3%

The company's 50 day moving average price is $83.24 and its two-hundred day moving average price is $81.26. The firm has a market cap of $4.71 billion, a PE ratio of 12.50, a PEG ratio of 3.49 and a beta of 1.06. The company has a current ratio of 3.11, a quick ratio of 2.75 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. The business had revenue of $507.00 million for the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. On average, equities research analysts expect that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Insider Buying and Selling at Pampa Energia

In other news, VP Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $3.57, for a total transaction of $1,785,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 1,229,477 shares of company stock worth $4,289,791. Company insiders own 55.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PAM. Helikon Investments Ltd lifted its stake in shares of Pampa Energia by 41.9% during the 3rd quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider's stock valued at $41,968,000 after buying an additional 206,197 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Pampa Energia by 8.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock valued at $41,845,000 after buying an additional 45,653 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Pampa Energia by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider's stock valued at $24,319,000 after buying an additional 46,719 shares in the last quarter. PointState Capital LP purchased a new position in shares of Pampa Energia during the 4th quarter valued at $24,006,000. Finally, Fundamenta Capital S.A. purchased a new position in shares of Pampa Energia during the 4th quarter valued at $23,496,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

About Pampa Energia

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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