Key Points
- Insider Gustavo Mariani purchased 25,000 Pampa Energia shares at an average of $78.26, investing $1.96 million and increasing his stake by 1.57% to 1.62 million shares.
- Pampa Energia reported quarterly EPS of $2.50 on $746 million in revenue, with a 23.58% net margin and 15.33% return on equity; analysts expect $10.94 in full-year EPS.
- Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and a $105 target price, while institutional investors and hedge funds own 12.77% of shares.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Gustavo Mariani bought 25,000 shares of the firm's stock in a transaction dated Friday, September 25th. The stock was purchased at an average price of $78.26 per share, with a total value of $1,956,500.00. Following the completion of the purchase, the insider directly owned 1,616,184 shares of the company's stock, valued at approximately $126,482,559.84. This trade represents a 1.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Pampa Energia Stock Performance
Pampa Energia stock opened at $76.84 on Wednesday. Pampa Energia S.A. has a 12-month low of $57.14 and a 12-month high of $94.50. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 0.25 and a beta of 0.93. 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 firm's fifty day moving average price is $82.93 and its 200 day moving average price is $83.28.
Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The firm had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, research analysts forecast that Pampa Energia S.A. will post 10.94 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on PAM shares. Wall Street Zen downgraded Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday. Weiss Ratings restated a "hold (c)" rating on shares of Pampa Energia in a report on Wednesday, September 9th. JPMorgan Chase & Co. upped their target price on Pampa Energia from $101.50 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, September 1st. Finally, Zacks Research cut shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $105.00.
Check Out Our Latest Stock Analysis on Pampa Energia
Hedge Funds Weigh In On Pampa Energia
A number of hedge funds have recently bought and sold shares of the company. Absolute Gestao de Investimentos Ltda. raised its position in shares of Pampa Energia by 198.1% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider's stock valued at $25,433,000 after acquiring an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energia in the first quarter worth $14,482,000. Assenagon Asset Management S.A. acquired a new position in Pampa Energia in the first quarter worth $4,896,000. ABS Direct Equity Fund LLC increased its stake in Pampa Energia by 183.3% during the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 47,856 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in shares of Pampa Energia during the fourth quarter worth $3,105,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.
Pampa Energia Company Profile
(
Get Free Report)
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.
Further Reading
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