Pampa Energia (NYSE:PAM) Releases Earnings Results, Beats Estimates By $0.74 EPS

Pampa Energia (NYSE:PAM) released its quarterly earnings data on Tuesday. The utilities provider reported $3.21 EPS for the quarter, topping the consensus estimate of $2.47 by $0.74, Zacks reports. The company had revenue of $746.00 million during the quarter, compared to the consensus estimate of $743.17 million. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.

Pampa Energia Stock Performance

Shares of NYSE:PAM traded down $0.92 during midday trading on Wednesday, hitting $83.87. The company had a trading volume of 41,317 shares, compared to its average volume of 221,683. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.04 and a quick ratio of 1.78. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.27 and a beta of 0.97. Pampa Energia has a 12-month low of $54.95 and a 12-month high of $94.50. The company has a fifty day moving average of $84.30 and a two-hundred day moving average of $83.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Finally, Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pampa Energia presently has an average rating of “Hold” and a consensus price target of $103.83.

Insider Activity at Pampa Energia

In related news, insider Damian Miguel Mindlin sold 555,000 shares of Pampa Energia stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total transaction of $1,970,250.00. Following the transaction, the insider directly owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gustavo Mariani purchased 25,000 shares of Pampa Energia stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $81.40 per share, with a total value of $2,035,000.00. Following the transaction, 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 disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 1,710,694 shares of company stock worth $7,701,005 and have sold 7,157,000 shares worth $24,696,070. 55.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pampa Energia

Several large investors have recently added to or reduced their stakes in PAM. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia in the second quarter worth $37,000. Van ECK Associates Corp bought a new position in Pampa Energia in the 3rd quarter worth $139,000. Arete Wealth Advisors LLC purchased a new stake in Pampa Energia in the 4th quarter worth $212,000. Qube Research & Technologies Ltd bought a new stake in Pampa Energia during the second quarter valued at about $379,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Pampa Energia in the fourth quarter valued at about $413,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

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.