Insider Buying: Pampa Energia (NYSE:PAM) Insider Buys $5,571,246.33 in Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin acquired 1,432,197 shares of the stock in a transaction on Monday, September 28th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $5,571,246.33. Following the purchase, the insider directly owned 13,959,067 shares of the company’s stock, valued at $54,300,770.63. The trade was a 11.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Pampa Energia Stock Down 0.2%

Shares of PAM opened at $76.27 on Monday. Pampa Energia S.A. has a 52-week low of $58.50 and a 52-week high of $94.50. The company has a market capitalization of $4.10 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.25 and a beta of 0.93. The stock has a fifty day simple moving average of $82.24 and a two-hundred day simple moving average of $83.19. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The business had revenue of $746.00 million for the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. As a group, equities analysts forecast that Pampa Energia S.A. will post 10.94 EPS for the current year.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently made changes to their positions in the stock. Absolute Gestao de Investimentos Ltda. lifted its holdings in shares of Pampa Energia by 198.1% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock worth $25,433,000 after acquiring an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energia in the 1st quarter valued at approximately $14,482,000. Banco BTG Pactual S.A. raised its position in Pampa Energia by 3.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 88,217 shares of the utilities provider’s stock valued at $7,808,000 after purchasing an additional 3,250 shares during the period. ABS Direct Equity Fund LLC raised its position in 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 period. Finally, Assenagon Asset Management S.A. acquired a new position in Pampa Energia during the first quarter worth $4,896,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAM has been the subject of several analyst reports. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on Pampa Energia from $101.50 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.00.

About Pampa Energia

Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina’s leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.

In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina’s principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.