Pampa Energia (NYSE:PAM) VP Sells $1,023,000.00 in Stock

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $3.41, for a total value of $1,023,000.00. Following the completion of the sale, the vice president directly owned 14,468,847 shares of the company’s stock, valued at approximately $49,338,768.27. The trade was a 2.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was sold at an average price of $3.65, for a total value of $1,741.05.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.45, for a total transaction of $1,480,050.00.

Pampa Energia Price Performance

NYSE PAM opened at $85.49 on Thursday. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $4.65 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.64 and a beta of 1.16. The company has a 50 day moving average price of $82.47 and a two-hundred day moving average price of $79.28. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 EPS for the quarter, topping the consensus estimate of $0.65 by $2.35. The company had revenue of $96.00 million for the quarter, compared to analyst estimates of $737.30 billion. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. As a group, equities analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAM. Raymond James Financial Inc. acquired a new position in Pampa Energia during the 2nd quarter worth $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia in the fourth quarter worth about $104,000. Van ECK Associates Corp acquired a new position in shares of Pampa Energia during the 3rd quarter worth about $139,000. Quantbot Technologies LP acquired a new position in shares of Pampa Energia during the 3rd quarter worth about $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia during the 4th quarter valued at approximately $212,000. Institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PAM. Zacks Research downgraded shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 31st. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.00.

About Pampa Energia

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.