Pampa Energia (NYSE:PAM) Director Purchases $507,000.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 150,000 shares of Pampa Energia stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $3.38 per share, with a total value of $507,000.00. Following the transaction, the director directly owned 22,180,592 shares in the company, valued at approximately $74,970,400.96. This trade represents a 0.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 31st, Marcos Marcelo Mindlin acquired 500,000 shares of Pampa Energia stock. The shares were purchased at an average price of $3.44 per share, for a total transaction of $1,720,000.00.
• On Wednesday, August 19th, Marcos Marcelo Mindlin bought 902,975 shares of Pampa Energia stock. The stock was purchased at an average price of $3.34 per share, with a total value of $3,015,936.50.
• On Tuesday, August 18th, Marcos Marcelo Mindlin bought 396,950 shares of Pampa Energia stock. The stock was purchased at an average price of $3.35 per share, with a total value of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total value of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 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.

Pampa Energia Price Performance

NYSE:PAM opened at $86.31 on Thursday. The company has a 50-day moving average of $82.69 and a 200-day moving average of $82.92. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.28 and a beta of 0.93. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64.

Pampa Energia (NYSE:PAM) last issued its 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 23.58% and a return on equity of 15.33%. The business had revenue of $746.00 million for the quarter. As a group, equities research analysts anticipate that Pampa Energia S.A. will post 10.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PAM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. JPMorgan Chase & Co. upped their price target on Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday. Zacks Research cut Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 23rd. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAM. Y Intercept Hong Kong Ltd acquired a new stake in Pampa Energia in the 1st quarter valued at about $1,569,000. BW Gestao de Investimentos Ltda. acquired a new position in shares of Pampa Energia during the fourth quarter worth approximately $3,105,000. Hsbc Holdings PLC grew its stake in shares of Pampa Energia by 77.6% during the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock valued at $4,058,000 after purchasing an additional 20,438 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energia during the first quarter valued at approximately $14,482,000. Finally, Guardian Partners Inc. acquired a new stake in shares of Pampa Energia in the first quarter valued at approximately $620,000. Institutional investors and hedge funds 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.