Pampa Energia (NYSE:PAM) Hits New 1-Year Low Following Analyst Downgrade

Key Points

• Pampa Energia shares hit a new 52-week low, falling to $69.21 after JPMorgan cut its price target from $105 to $100 while maintaining a neutral rating.
• Analyst sentiment is mixed but leans toward “Hold”: two analysts rate the stock Buy and three rate it Hold, with an average target price of $103.33.
• Insiders bought 3.84 million shares worth approximately $49.2 million over the past three months, while institutional investors own 12.77% of the company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) hit a new 52-week low during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $105.00 to $100.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Pampa Energia traded as low as $69.21 and last traded at $69.9750, with a volume of 155,765 shares changing hands. The stock had previously closed at $72.65.

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

Insider Transactions at Pampa Energia

In other Pampa Energia news, Director Marcos Mindlin bought 902,975 shares of Pampa Energia stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $3.34 per share, with a total value of $3,015,936.50. Following the purchase, the director directly owned 21,355,592 shares in the company, valued at $71,327,677.28. This represents a 4.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gustavo Mariani bought 25,000 shares of the firm's stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $78.26 per share, for a total transaction of $1,956,500.00. Following the transaction, the insider directly owned 1,616,184 shares in the company, valued at approximately $126,482,559.84. This represents a 1.57% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 3,842,122 shares of company stock valued at $49,239,765 in the last three months. 55.52% of the stock is currently owned by company insiders.

Institutional Trading of Pampa Energia

Several institutional investors have recently modified their holdings of PAM. ABS Direct Equity Fund LLC increased its stake in shares of Pampa Energia by 5.0% during the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider's stock worth $6,378,000 after purchasing an additional 3,699 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Pampa Energia in the 2nd quarter valued at about $608,000. Engineers Gate Manager LP boosted its holdings in Pampa Energia by 189.7% in the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider's stock worth $1,302,000 after buying an additional 10,382 shares during the last quarter. Wealth High Governance Asset Management Ltda. boosted its holdings in Pampa Energia by 24.5% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider's stock worth $2,187,000 after buying an additional 4,866 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new stake in Pampa Energia during the 1st quarter worth approximately $620,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Trading Down 3.3%

The company has a 50 day simple moving average of $80.64 and a 200 day simple moving average of $82.50. 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 market capitalization of $3.77 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 0.23 and a beta of 0.96.

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

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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