Pampa Energia (NYSE:PAM) Given New $105.00 Price Target at JPMorgan Chase & Co.

Pampa Energia (NYSE:PAM) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $101.50 to $105.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 24.29% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 23rd. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia presently has an average rating of “Hold” and an average price target of $105.00.

Pampa Energia Price Performance

Shares of PAM stock traded up $2.16 during mid-day trading on Tuesday, reaching $84.48. The stock had a trading volume of 100,874 shares, compared to its average volume of 215,640. The company has a market cap of $4.54 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 0.27 and a beta of 0.97. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $94.50. The business has a 50-day simple moving average of $82.53 and a 200 day simple moving average of $82.90.

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

Insider Transactions at Pampa Energia

In other news, Director Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the completion of the sale, the director directly owned 21,555,667 shares in the company, valued at $73,504,824.47. The trade was a 6.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 transaction, the insider directly owned 12,541,870 shares of the company’s stock, valued at approximately $44,523,638.50. This represents a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 2,860,619 shares of company stock worth $9,591,974 and sold 3,557,000 shares worth $12,402,070. 55.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Pampa Energia

Several hedge funds and other institutional investors have recently bought and sold shares of PAM. Pictet Asset Management Holding SA lifted its stake in shares of Pampa Energia by 1.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 16,531 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 316 shares during the period. DGS Capital Management LLC increased its stake in Pampa Energia by 16.6% in the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 438 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Pampa Energia in the second quarter valued at $37,000. Titan Global Capital Management USA LLC lifted its position in Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after buying an additional 820 shares during the period. Finally, NFJ Investment Group LLC purchased a new position in Pampa Energia during the fourth quarter worth about $104,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.