Pampa Energia S.A. (NYSE:PAM – Get Free Report) CFO Adolfo Fernando Zuberbuhler purchased 3,136 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average cost of $66.11 per share, for a total transaction of $207,320.96. Following the acquisition, the chief financial officer owned 2,885 shares of the company’s stock, valued at approximately $190,727.35. The trade was a -1,249.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Pampa Energia Stock Performance
Shares of Pampa Energia stock opened at $63.78 on Friday. The stock’s fifty day simple moving average is $79.22 and its 200 day simple moving average is $82.14. The company has a market capitalization of $3.43 billion, a PE ratio of 5.57, a PEG ratio of 0.23 and a beta of 0.96. 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 S.A. has a 12 month low of $63.42 and a 12 month high of $94.50.
Pampa Energia (NYSE:PAM – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share 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 17.74%. The company had revenue of $790.00 million for the quarter, compared to the consensus estimate of $805.46 million. On average, research analysts predict that Pampa Energia S.A. will post 10.81 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Finally, Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $98.50.
View Our Latest Report on Pampa Energia
Hedge Funds Weigh In On Pampa Energia
Institutional investors and hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC boosted its holdings in shares of Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 438 shares during the period. Modern Wealth Management LLC purchased a new stake in shares of Pampa Energia in the first quarter valued at about $371,000. Guardian Partners Inc. acquired a new position in shares of Pampa Energia during the first quarter worth $620,000. WINTON GROUP Ltd acquired a new position in Pampa Energia in the second quarter worth approximately $608,000. Finally, Titan Global Capital Management USA LLC grew its holdings in shares of Pampa Energia by 6.4% during 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 purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.
Pampa Energia Company Profile
Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.
The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.
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