Pampa Energia (NYSE:PAM – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.
A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their target price on Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Pampa Energia presently has an average rating of “Hold” and an average target price of $105.00.
Get Our Latest Stock Analysis on PAM
Pampa Energia Stock Performance
Pampa Energia (NYSE:PAM – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The company 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%. Equities research analysts anticipate that Pampa Energia will post 10.94 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Marcos Mindlin sold 1,502,000 shares of the stock in a transaction on 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 sale, the director directly owned 21,555,667 shares of the company’s stock, valued at $73,504,824.47. This trade represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired 1,949,925 shares of company stock worth $6,572,719 over the last 90 days. Corporate insiders own 55.52% of the company’s stock.
Hedge Funds Weigh In On Pampa Energia
Hedge funds have recently bought and sold shares of the business. NFJ Investment Group LLC bought a new position in Pampa Energia during the fourth quarter valued at approximately $104,000. DGS Capital Management LLC bought a new stake in Pampa Energia in the 4th quarter worth approximately $234,000. Modern Wealth Management LLC bought a new stake in Pampa Energia in the 1st quarter worth approximately $371,000. WINTON GROUP Ltd purchased a new stake in Pampa Energia during the 2nd quarter valued at $608,000. Finally, Connective Portfolio Management LLC purchased a new stake in Pampa Energia during the 1st quarter valued at $620,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.
Pampa Energia Company Profile
Pampa Energía SA is an integrated energy company headquartered in Buenos Aires, Argentina. Through its subsidiaries and investments, the company operates across electricity generation, oil and gas exploration and production, and petrochemicals. Its activities primarily support Argentina’s domestic energy market.
Pampa generates electricity from a diversified portfolio of thermal, hydroelectric, and renewable power facilities located in several regions of the country. The company also explores for and produces oil and natural gas, including from Argentina’s Vaca Muerta shale formation, and participates in the production of nitrogen-based fertilizers through its investment in Profertil.
Founded in 2005, Pampa expanded its position in Argentina’s energy industry through acquisitions and the development of new generation and hydrocarbon projects.
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