Key Points
- VP Gustavo Mariani bought 25,000 shares of Pampa Energia at an average price of $81.40, a transaction worth about $2.04 million. After the purchase, he owned 1,566,184 shares, increasing his stake by 1.62%.
- Pampa Energia recently reported Q1 EPS of $4.00 on revenue of $573 million, with a net margin of 20.31% and return on equity of 12.23%. Analysts currently expect the company to earn 8.62 EPS for the full year.
- Analyst sentiment remains positive overall, with several firms upgrading the stock and a consensus Buy rating plus a $105 target price. The stock was trading at $78.78, below its recent average price levels and its 12-month high of $94.50.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Gustavo Mariani purchased 25,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the completion of the acquisition, the vice president owned 1,566,184 shares of the company's stock, valued at approximately $127,487,377.60. This represents a 1.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Pampa Energia Stock Performance
Shares of NYSE PAM opened at $78.78 on Friday. The company has a market cap of $4.29 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 2.75. The company has a 50-day simple moving average of $83.14 and a 200-day simple moving average of $84.02.
Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. The business 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 S.A. will post 8.62 earnings per share for the current year.
Institutional Investors Weigh In On Pampa Energia
A number of institutional investors have recently bought and sold shares of PAM. Helikon Investments Ltd grew its stake in Pampa Energia by 41.9% during the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider's stock worth $41,968,000 after buying an additional 206,197 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock worth $41,845,000 after buying an additional 45,653 shares during the period. JPMorgan Chase & Co. grew its stake in Pampa Energia by 20.5% during the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider's stock worth $24,319,000 after buying an additional 46,719 shares during the period. PointState Capital LP purchased a new stake in Pampa Energia during the fourth quarter worth approximately $24,006,000. Finally, Fundamenta Capital S.A. purchased a new stake in Pampa Energia during the fourth quarter worth approximately $23,496,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Pampa Energia in a report on Thursday, January 22nd. HSBC upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating and boosted their target price for the company from $88.00 to $97.00 in a report on Thursday, March 12th. Finally, Zacks Research upgraded shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $105.00.
View Our Latest Stock Report on Pampa Energia
About Pampa Energia
(
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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