Insider Selling: Pampa Energia (NYSE:PAM) Director Sells $6,264,000.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total transaction of $6,264,000.00. Following the transaction, the director owned 24,971,973 shares of the company’s stock, valued at $86,902,466.04. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.35, for a total transaction of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.51, for a total transaction of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.43, for a total transaction of $4,287,500.00.
• On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total transaction of $5,929,500.00.

Pampa Energia Trading Down 1.6%

NYSE PAM opened at $80.37 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The stock has a market capitalization of $4.37 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 3.21 and a beta of 0.97. The firm has a 50 day moving average of $83.47 and a two-hundred day moving average of $84.69.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The company had revenue of $573.00 million during the quarter. As a group, research analysts expect that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of Pampa Energia in the 2nd quarter valued at $37,000. NFJ Investment Group LLC acquired a new position in shares of Pampa Energia in the 4th quarter valued at $104,000. Van ECK Associates Corp acquired a new position in shares of Pampa Energia in the 3rd quarter valued at $139,000. Arete Wealth Advisors LLC acquired a new position in shares of Pampa Energia in the 4th quarter valued at $212,000. Finally, DGS Capital Management LLC acquired a new position in shares of Pampa Energia in the 4th quarter valued at $234,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PAM has been the subject of several analyst reports. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and boosted their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Wall Street Zen upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $105.00.

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.