Pampa Energia (NYSE:PAM) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Pampa Energia (NYSE:PAM) from a strong sell rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

PAM has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and upped their price objective for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Finally, Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Pampa Energia presently has an average rating of “Moderate Buy” and an average target price of $105.00.

Pampa Energia Price Performance

Pampa Energia stock opened at $87.26 on Tuesday. The firm has a fifty day moving average of $83.06 and a 200-day moving average of $80.20. Pampa Energia has a 52-week low of $54.95 and a 52-week high of $94.50. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.75 billion, a P/E ratio of 12.59, a PEG ratio of 3.52 and a beta of 1.06.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The firm had revenue of $507.00 million for the quarter. As a group, analysts predict that Pampa Energia will post 9.33 EPS for the current year.

Insider Buying and Selling at Pampa Energia

In other news, VP Damian Miguel Mindlin sold 300,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $3.41, for a total value of $1,023,000.00. Following the completion of the sale, the vice president owned 14,468,847 shares of the company’s stock, valued at approximately $49,338,768.27. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 729,477 shares of company stock valued at $2,504,791. 55.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pampa Energia

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Pampa Energia during the second quarter valued at approximately $37,000. NFJ Investment Group LLC acquired a new position in shares of Pampa Energia in the 4th quarter worth approximately $104,000. Van ECK Associates Corp bought a new stake in shares of Pampa Energia in the 3rd quarter valued at approximately $139,000. Quantbot Technologies LP bought a new stake in shares of Pampa Energia in the 3rd quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Pampa Energia during the 4th quarter valued at approximately $212,000. 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.