Pampa Energia (NYSE:PAM) Insider Buys $1,328,431.59 in Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 19,413 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was bought at an average price of $68.43 per share, for a total transaction of $1,328,431.59. Following the completion of the purchase, the insider directly owned 710,306 shares in the company, valued at approximately $48,606,239.58. This represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The shares were bought at an average cost of $66.93 per share, with a total value of $1,287,666.27.
• On Monday, September 28th, Damian Mindlin purchased 1,432,197 shares of Pampa Energia stock. The shares were bought at an average cost of $3.89 per share, with a total value of $5,571,246.33.

Pampa Energia Stock Down 0.5%

Shares of NYSE PAM opened at $63.78 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.23 and a current ratio of 2.79. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.19 and a beta of 0.96. The stock has a 50 day moving average price of $79.22 and a 200 day moving average price of $82.14. Pampa Energia S.A. has a 52-week low of $63.42 and a 52-week high of $94.50.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings data on Monday, November 2nd. The utilities provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.12. The company had revenue of $790.00 million for the quarter, compared to analysts’ expectations of $805.46 million. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. Sell-side analysts expect that Pampa Energia S.A. will post 10.81 earnings per share for the current year.

Institutional Trading of Pampa Energia

Hedge funds have recently modified their holdings of the company. Absolute Gestao de Investimentos Ltda. boosted its position in Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after buying an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energia in the 1st quarter worth approximately $14,482,000. ABS Direct Equity Fund LLC raised its position in Pampa Energia by 183.3% during the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 47,856 shares during the last quarter. Hsbc Holdings PLC raised its position in Pampa Energia by 77.6% during the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock worth $4,058,000 after buying an additional 20,438 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Pampa Energia during the 1st quarter valued at approximately $1,569,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PAM shares. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. decreased their price objective on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $98.50.

Pampa Energia Company Profile

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.

The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.