Pampa Energia (NYSE:PAM) Insider Purchases $24,954.23 in Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 401 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were acquired at an average price of $62.23 per share, for a total transaction of $24,954.23. Following the completion of the purchase, the insider owned 762,121 shares in the company, valued at $47,426,789.83. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 11th, Damian Mindlin bought 7,667 shares of Pampa Energia stock. The shares were acquired at an average cost of $63.72 per share, for a total transaction of $488,541.24.
• On Monday, November 9th, Damian Mindlin purchased 12,175 shares of Pampa Energia stock. The stock was acquired at an average price of $64.60 per share, with a total value of $786,505.00.
• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The shares were acquired at an average price of $66.93 per share, for a total transaction of $1,287,666.27.
• On Tuesday, November 3rd, Damian Mindlin purchased 19,413 shares of Pampa Energia stock. The shares were acquired at an average price of $68.43 per share, for a total transaction of $1,328,431.59.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The shares were bought at an average price of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Stock Performance

Shares of Pampa Energia stock traded up $1.94 during midday trading on Friday, hitting $65.14. The company had a trading volume of 255,681 shares, compared to its average volume of 233,299. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.19 and a beta of 0.96. The company has a quick ratio of 2.47, a current ratio of 2.79 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $77.29 and a 200 day simple moving average of $81.62. Pampa Energia S.A. has a 12-month low of $61.22 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAM) last released its earnings results on Monday, November 2nd. The utilities provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.12. The company had revenue of $790.00 million during the quarter, compared to analysts’ expectations of $805.46 million. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. As a group, analysts predict that Pampa Energia S.A. will post 10.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Pampa Energia from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. cut their target price on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Weiss Ratings downgraded Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, November 9th. Finally, Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Pampa Energia presently has an average rating of “Hold” and a consensus target price of $98.50.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently modified their holdings of PAM. ABS Direct Equity Fund LLC lifted 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 buying an additional 3,699 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Pampa Energia in the second quarter worth about $608,000. Engineers Gate Manager LP boosted its stake in shares of Pampa Energia by 189.7% in the second quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock worth $1,302,000 after buying an additional 10,382 shares during the last quarter. Wealth High Governance Asset Management Ltda. grew its holdings in Pampa Energia by 24.5% during the first quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock worth $2,187,000 after acquiring an additional 4,866 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in Pampa Energia during the first quarter worth about $620,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

About Pampa Energia

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.