Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Purchases 1,432,197 Shares of Stock

by · The Markets Daily

Pampa Energia S.A. (NYSE:PAM – Get Free Report) insider Damian Mindlin purchased 1,432,197 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was bought at an average price of $3.89 per share, with a total value of $5,571,246.33. Following the acquisition, the insider owned 13,959,067 shares in the company, valued at $54,300,770.63. This trade represents a 11.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Pampa Energia Stock Up 0.2%

PAM traded up $0.18 during trading hours on Friday, reaching $76.27. 108,237 shares of the stock traded hands, compared to its average volume of 213,437. Pampa Energia S.A. has a fifty-two week low of $58.50 and a fifty-two week high of $94.50. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 7.24, a PEG 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 simple moving average is $82.44 and its two-hundred day simple moving average is $83.22.

Pampa Energia (NYSE:PAM – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The company had revenue of $746.00 million during the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. As a group, analysts forecast that Pampa Energia S.A. will post 10.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on PAM. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.00.

Read Our Latest Research Report on Pampa Energia

Institutional Trading of Pampa Energia

Several hedge funds and other institutional investors have recently bought and sold shares of PAM. Absolute Gestao de Investimentos Ltda. lifted its holdings in 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 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 in the 1st quarter valued at approximately $14,482,000. Banco BTG Pactual S.A. increased its holdings in shares of Pampa Energia by 3.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 88,217 shares of the utilities provider’s stock valued at $7,808,000 after acquiring an additional 3,250 shares during the last quarter. ABS Direct Equity Fund LLC increased its holdings in shares of Pampa Energia by 5.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock valued at $6,378,000 after acquiring an additional 3,699 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Pampa Energia during the 1st quarter valued at approximately $4,896,000. 12.77% of the stock is owned by institutional investors.

Pampa Energia Company Profile

(Get Free Report)

Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina’s leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.

In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina’s principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.

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