Pampa Energia (NYSE:PAM) Hits New 1-Year Low – Here’s What Happened

Shares of Pampa Energia S.A. (NYSE:PAM) reached a new 52-week low on Monday. The company traded as low as $63.05 and last traded at $63.5030, with a volume of 3,320 shares changing hands. The stock had previously closed at $63.58.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PAM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.50.

Pampa Energia Stock Performance

The business has a 50-day moving average price of $79.22 and a 200-day moving average price of $82.14. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 5.07, a P/E/G ratio of 0.19 and a beta of 0.96. The company has a quick ratio of 2.47, a current ratio of 2.79 and a debt-to-equity ratio of 0.65.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.12. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. The business had revenue of $790.00 million during the quarter, compared to analysts’ expectations of $805.46 million. As a group, sell-side analysts forecast that Pampa Energia S.A. will post 10.81 earnings per share for the current year.

Insider Activity at Pampa Energia

In other news, Director Marcos Mindlin acquired 902,975 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average cost of $3.34 per share, for a total transaction of $3,015,936.50. Following the acquisition, the director owned 21,355,592 shares in the company, valued at approximately $71,327,677.28. This represents a 4.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Damian Mindlin purchased 1,432,197 shares of the stock in a transaction dated Monday, September 28th. The stock was purchased at an average cost of $3.89 per share, for a total transaction of $5,571,246.33. Following the completion of the purchase, the insider directly owned 13,959,067 shares of the company’s stock, valued at approximately $54,300,770.63. The trade was a 11.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 3,883,910 shares of company stock valued at $52,063,184. 55.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently modified their holdings of the company. Modern Wealth Management LLC acquired a new stake in Pampa Energia during the 1st quarter worth approximately $371,000. WINTON GROUP Ltd acquired a new position in shares of Pampa Energia during the 2nd quarter worth $608,000. Guardian Partners Inc. purchased a new position in Pampa Energia in the first quarter valued at about $620,000. Titan Global Capital Management USA LLC grew its holdings in shares of Pampa Energia by 6.4% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after acquiring an additional 820 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of 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 acquiring an additional 10,382 shares during the period. 12.77% of the stock is owned by institutional investors and hedge funds.

Pampa Energia Company Profile

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market.

Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.