Pampa Energia (NYSE:PAM) Insider Gustavo Mariani Buys 25,000 Shares of Company Stock

Pampa Energia S.A. (NYSE:PAM) insider Gustavo Mariani purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was bought at an average cost of $78.26 per share, with a total value of $1,956,500.00. Following the acquisition, the insider owned 1,616,184 shares in the company, valued at $126,482,559.84. This represents a 1.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pampa Energia Price Performance

NYSE:PAM traded up $0.29 during trading hours on Tuesday, reaching $76.84. 227,860 shares of the company were exchanged, compared to its average volume of 214,119. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. The firm has a market cap of $4.13 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.25 and a beta of 0.93. Pampa Energia S.A. has a twelve month low of $57.14 and a twelve month high of $94.50. The stock’s 50-day moving average is $83.14 and its 200-day moving average is $83.34.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, sell-side analysts anticipate that Pampa Energia S.A. will post 10.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pampa Energia

A number of large investors have recently made changes to their positions in PAM. ABS Direct Equity Fund LLC increased its holdings in shares of Pampa Energia by 5.0% in the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock valued at $6,378,000 after purchasing an additional 3,699 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Pampa Energia in the 2nd quarter valued at $608,000. Engineers Gate Manager LP grew its holdings in Pampa Energia by 189.7% in the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after buying an additional 10,382 shares in the last quarter. Wealth High Governance Asset Management Ltda. increased its stake in shares of Pampa Energia by 24.5% in the 1st 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 last quarter. Finally, Guardian Partners Inc. acquired a new stake in shares of Pampa Energia in the 1st quarter worth $620,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday. JPMorgan Chase & Co. increased their price objective on Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Wednesday, September 9th. Finally, Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Pampa Energia presently has a consensus rating of “Hold” and a consensus target price of $105.00.

About Pampa Energia

Pampa Energía SA is an integrated energy company headquartered in Buenos Aires, Argentina. Through its subsidiaries and investments, the company operates across electricity generation, oil and gas exploration and production, and petrochemicals. Its activities primarily support Argentina’s domestic energy market.

Pampa generates electricity from a diversified portfolio of thermal, hydroelectric, and renewable power facilities located in several regions of the country. The company also explores for and produces oil and natural gas, including from Argentina’s Vaca Muerta shale formation, and participates in the production of nitrogen-based fertilizers through its investment in Profertil.

Founded in 2005, Pampa expanded its position in Argentina’s energy industry through acquisitions and the development of new generation and hydrocarbon projects.