Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Purchases 383,600 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 383,600 shares of the stock in a transaction dated Thursday, June 25th. The shares were purchased at an average cost of $3.37 per share, for a total transaction of $1,292,732.00. Following the completion of the purchase, the director owned 22,769,751 shares in the company, valued at approximately $76,734,060.87. This represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marcos Marcelo Mindlin also recently made the following trade(s):

• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The stock was acquired at an average price of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, with a total value of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.35, for a total value of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total value of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.43, for a total transaction of $4,287,500.00.
• On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Trading Up 0.7%

Shares of Pampa Energia stock opened at $80.50 on Friday. The firm has a market capitalization of $4.38 billion, a PE ratio of 10.04, a P/E/G ratio of 2.82 and a beta of 0.95. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50. The firm’s 50-day moving average price is $82.80 and its 200 day moving average price is $83.95. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million during the quarter. On average, sell-side analysts predict that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia during the second quarter worth about $37,000. NFJ Investment Group LLC purchased a new stake in Pampa Energia during the 4th quarter worth approximately $104,000. Van ECK Associates Corp purchased a new stake in Pampa Energia during the 3rd quarter worth approximately $139,000. Quantbot Technologies LP acquired a new stake in Pampa Energia during the 3rd quarter worth approximately $187,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Pampa Energia during the 4th quarter worth approximately $212,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. JPMorgan Chase & Co. increased their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a report on Monday, June 1st. Finally, HSBC raised shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Two investment 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, the company has an average rating of “Hold” and a consensus target price of $103.83.

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.