Pampa Energia (NYSE:PAM) Stock Rating Lowered by Zacks Research

Pampa Energia (NYSE:PAMGet Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other analysts have also weighed in on the company. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia has an average rating of “Moderate Buy” and a consensus target price of $105.00.

Check Out Our Latest Research Report on PAM

Pampa Energia Stock Performance

PAM opened at $85.62 on Thursday. The firm has a market capitalization of $4.66 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The stock’s 50 day moving average price is $83.51 and its two-hundred day moving average price is $84.54. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAMGet Free Report) last released its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The firm had revenue of $573.00 million for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. On average, equities analysts forecast that Pampa Energia will post 8.62 earnings per share for the current year.

Insider Activity at Pampa Energia

In related news, VP Damian Miguel Mindlin sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total transaction of $1,785,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00. Following the completion of the transaction, the director owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. The trade was a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,311,977 shares of company stock valued at $32,265,316 in the last 90 days. 55.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pampa Energia

Several institutional investors have recently bought and sold shares of PAM. Millennium Management LLC raised its position in Pampa Energia by 85.4% in the 1st quarter. Millennium Management LLC now owns 162,521 shares of the utilities provider’s stock valued at $12,547,000 after purchasing an additional 74,841 shares during the last quarter. Jane Street Group LLC raised its position in Pampa Energia by 44.1% in the 1st quarter. Jane Street Group LLC now owns 19,607 shares of the utilities provider’s stock valued at $1,514,000 after purchasing an additional 6,005 shares during the last quarter. Marshall Wace LLP raised its position in shares of Pampa Energia by 21.7% during the second quarter. Marshall Wace LLP now owns 57,153 shares of the utilities provider’s stock worth $3,965,000 after acquiring an additional 10,195 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of Pampa Energia during the second quarter valued at $578,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Pampa Energia during the second quarter valued at $379,000. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

(Get Free Report)

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.

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