Pampa Energia S.A. (NYSE:PAM) Given Average Rating of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Three of five analysts rate Pampa Energia neutral, while two recommend buying; the average 12-month price target is $103.83 versus a recent price of $79.03.
• Pampa Energia reported quarterly EPS of $2.50 on $746 million in revenue, with a 23.58% net margin and 15.33% return on equity. Analysts expect full-year EPS of approximately $10.68.
• Insiders have been net sellers recently, selling 5.36 million shares worth $18.67 million over the past quarter, although insiders still own 55.52% of the company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) has been given a consensus recommendation of "Hold" by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $103.8333.

PAM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Pampa Energia from $97.50 to $101.50 and gave the stock a "neutral" rating in a research note on Monday, June 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. Zacks Research downgraded Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded shares of Pampa Energia from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Pampa Energia Stock Performance

Pampa Energia stock opened at $79.03 on Friday. The firm has a 50 day simple moving average of $83.73 and a 200-day simple moving average of $83.33. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $94.50.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The firm had revenue of $746.00 million for the quarter. On average, analysts expect that Pampa Energia will post 10.68 EPS for the current year.

Insider Transactions at Pampa Energia

In other Pampa Energia news, Director Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $3.54, for a total transaction of $5,310,000.00. Following the completion of the sale, the director directly owned 20,055,667 shares in the company, valued at $70,997,061.18. This trade represents a 6.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the completion of the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This trade represents a 4.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have acquired 1,685,694 shares of company stock valued at $5,666,005 and have sold 5,357,000 shares valued at $18,666,070. 55.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia during the second quarter worth $37,000. NFJ Investment Group LLC purchased a new stake in shares of Pampa Energia in the 4th quarter valued at $104,000. Van ECK Associates Corp acquired a new position in Pampa Energia during the 3rd quarter worth about $139,000. Arete Wealth Advisors LLC acquired a new position in Pampa Energia during the 4th quarter worth about $212,000. Finally, DGS Capital Management LLC acquired a new position in Pampa Energia during the 4th quarter worth about $234,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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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