JPMorgan Chase & Co. Issues Positive Forecast for Pampa Energia (NYSE:PAM) Stock Price

Pampa Energia (NYSE:PAM) had its price target increased by research analysts at JPMorgan Chase & Co. from $97.50 to $101.50 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 16.04% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.83.

Pampa Energia Stock Up 2.6%

PAM stock traded up $2.22 during trading on Monday, reaching $87.47. The stock had a trading volume of 265,141 shares, compared to its average volume of 241,355. Pampa Energia has a 1-year low of $54.95 and a 1-year high of $94.50. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $4.76 billion, a P/E ratio of 10.89, a PEG ratio of 3.39 and a beta of 0.96. The firm has a fifty day moving average price of $83.51 and a 200 day moving average price of $84.52.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. The company had revenue of $573.00 million during the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. On average, equities analysts anticipate that Pampa Energia will post 8.62 earnings per share for the current year.

Insiders Place Their Bets

In other Pampa Energia news, Director Marcos Marcelo Mindlin bought 275,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $3.37 per share, with a total value of $926,750.00. Following the completion of the acquisition, the director owned 21,646,973 shares of the company’s stock, valued at approximately $72,950,299.01. This trade represents a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Damian Miguel Mindlin sold 57,500 shares of the stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $3.47, for a total transaction of $199,525.00. Following the sale, the vice president directly owned 13,910,870 shares in the company, valued at $48,270,718.90. This trade represents a 0.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 9,311,977 shares of company stock valued at $32,265,316. Company insiders own 55.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Guardian Partners Inc. bought a new stake in Pampa Energia in the first quarter worth about $620,000. ABS Direct Equity Fund LLC boosted its holdings in shares of Pampa Energia by 183.3% in the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 47,856 shares during the period. Absolute Gestao de Investimentos Ltda. boosted its holdings in shares of Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after buying an additional 190,963 shares during the period. Modern Wealth Management LLC acquired a new position in shares of Pampa Energia in the first quarter worth about $371,000. Finally, Titan Global Capital Management USA LLC boosted its holdings in shares of Pampa Energia by 6.4% in 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. Institutional investors 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.