Pampa Energia (NYSE:PAM) Insider Buys 19,239 Shares of Company Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 19,239 shares of the stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average price of $66.93 per share, with a total value of $1,287,666.27. Following the completion of the purchase, the insider directly owned 729,545 shares of the company’s stock, valued at approximately $48,828,446.85. This represents a 2.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Damian Miguel Mindlin also recently made the following trade(s):

• On Tuesday, November 3rd, Damian Mindlin acquired 19,413 shares of Pampa Energia stock. The shares were acquired at an average price of $68.43 per share, with a total value of $1,328,431.59.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The shares were acquired at an average price of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Stock Down 1.5%

Shares of PAM traded down $0.96 during trading on Thursday, reaching $63.88. The company’s stock had a trading volume of 289,335 shares, compared to its average volume of 209,514. The company has a fifty day moving average of $79.90 and a two-hundred day moving average of $82.31. Pampa Energia S.A. has a twelve month low of $63.42 and a twelve month high of $94.50. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 5.10, a P/E/G ratio of 0.23 and a beta of 0.96. The company has a quick ratio of 3.23, a current ratio of 2.79 and a debt-to-equity ratio of 0.65.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. The business had revenue of $746.00 million during the quarter. On average, sell-side analysts predict that Pampa Energia S.A. will post 10.81 EPS for the current fiscal year.

Institutional Trading of Pampa Energia

A number of institutional investors and hedge funds have recently modified their holdings of the business. Absolute Gestao de Investimentos Ltda. lifted its position in shares of Pampa Energia by 198.1% in the 1st 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 valued at about $14,482,000. ABS Direct Equity Fund LLC raised 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 worth $6,359,000 after acquiring an additional 47,856 shares during the period. Hsbc Holdings PLC lifted its holdings in Pampa Energia by 77.6% in the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock worth $4,058,000 after acquiring an additional 20,438 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Pampa Energia in the first quarter worth about $1,569,000. 12.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PAM shares. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. JPMorgan Chase & Co. cut their target price on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.50.

Pampa Energia Company Profile

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.

The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.