Pampa Energia (NYSE:PAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pampa Energia (NYSE:PAM) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Zacks Research cut 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 report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.83.

Pampa Energia Stock Performance

Shares of NYSE PAM opened at $80.00 on Friday. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.26 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. The business has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $83.25. Pampa Energia has a one year low of $54.95 and a one year high of $94.50.

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

Insider Activity

In other Pampa Energia news, Director Marcos Marcelo Mindlin sold 1,502,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $3.41, for a total transaction of $5,121,820.00. Following the transaction, the director owned 21,555,667 shares in the company, valued at approximately $73,504,824.47. This trade represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. The trade was a 4.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 1,685,694 shares of company stock worth $5,666,005 and sold 3,557,000 shares worth $12,402,070. Corporate insiders own 55.52% of the company’s stock.

Institutional Investors Weigh In On Pampa Energia

Several large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia in the second quarter valued at approximately $37,000. NFJ Investment Group LLC acquired a new position in Pampa Energia in the 4th quarter valued at about $104,000. Van ECK Associates Corp bought a new position in Pampa Energia in the 3rd quarter valued at about $139,000. Arete Wealth Advisors LLC bought a new position in Pampa Energia in the 4th quarter valued at about $212,000. Finally, DGS Capital Management LLC bought a new position in Pampa Energia in the 4th quarter valued at about $234,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.