Pampa Energia (NYSE:PAM) Upgraded to Strong-Buy 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,Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on shares of Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Two 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 stock has a consensus rating of “Hold” and a consensus target price of $105.00.

Pampa Energia Stock Down 2.3%

PAM opened at $81.64 on Friday. The stock’s 50 day moving average price is $83.62 and its 200 day moving average price is $83.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. The stock has a market cap of $4.39 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.27 and a beta of 0.93. Pampa Energia has a 12 month low of $54.95 and a 12 month high of $94.50.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%.The company had revenue of $746.00 million during the quarter. As a group, research analysts predict that Pampa Energia will post 10.94 earnings per share for the current year.

Insider Activity

In other news, Director Marcos Mindlin sold 1,502,000 shares of Pampa Energia stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00. Following the transaction, the director owned 21,555,667 shares of the company’s stock, valued at $73,504,824.47. The trade was a 6.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have purchased 3,360,619 shares of company stock valued at $11,311,974. Insiders own 55.52% of the company’s stock.

Institutional Trading of Pampa Energia

Large investors have recently added to or reduced their stakes in the business. Absolute Gestao de Investimentos Ltda. grew its position in 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 last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energia during the 1st quarter worth $14,482,000. Assenagon Asset Management S.A. bought a new stake in shares of Pampa Energia during the 1st quarter worth $4,896,000. ABS Direct Equity Fund LLC grew its holdings in shares of Pampa Energia by 183.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after acquiring an additional 47,856 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new position in shares of Pampa Energia in the 4th quarter worth $3,105,000. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energia

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.