Pampa Energia (NYSE:PAM) Insider Buys 12,175 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin acquired 12,175 shares of Pampa Energia stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average cost of $64.60 per share, for a total transaction of $786,505.00. Following the completion of the transaction, the insider directly owned 761,720 shares in the company, valued at $49,207,112. This trade represents a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 price of $63.72 per share, with a total value of $488,541.24.
• On Tuesday, November 10th, Damian Mindlin bought 401 shares of Pampa Energia stock. The shares were acquired at an average price of $62.23 per share, with a total value of $24,954.23.
• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The stock was 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 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 stock was acquired at an average cost of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Trading Up 0.0%

PAM stock traded up $0.00 during midday trading on Thursday, reaching $63.56. The company’s stock had a trading volume of 316,960 shares, compared to its average volume of 211,569. Pampa Energia S.A. has a 1 year low of $61.22 and a 1 year high of $94.50. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 0.20 and a beta of 0.96. The stock has a fifty day simple moving average of $78.14 and a two-hundred day simple moving average of $81.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.47 and a current ratio of 2.79.

Pampa Energia (NYSE:PAM) last posted its quarterly 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 firm had revenue of $790.00 million for 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%. On average, equities research analysts predict that Pampa Energia S.A. will post 10.81 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Pampa Energia

Several hedge funds have recently made changes to their positions in the company. Modern Wealth Management LLC acquired a new position in shares of Pampa Energia in the 1st quarter valued at $371,000. WINTON GROUP Ltd acquired a new stake in Pampa Energia during the 2nd quarter worth about $608,000. Guardian Partners Inc. acquired a new stake in Pampa Energia during the 1st quarter worth about $620,000. Titan Global Capital Management USA LLC grew its stake in Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after purchasing an additional 820 shares during the last quarter. Finally, Engineers Gate Manager LP grew its stake in Pampa Energia by 189.7% during the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after purchasing an additional 10,382 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

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.