Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Buys 739,178 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 739,178 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average cost of $3.35 per share, with a total value of $2,476,246.30. Following the purchase, the director directly owned 22,386,151 shares of the company’s stock, valued at $74,993,605.85. This trade represents a 3.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, June 25th, Marcos Marcelo Mindlin bought 383,600 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, with a total value of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.48, for a total transaction of $6,264,000.00.
• 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 shares were 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 Stock Up 0.7%

Shares of NYSE:PAM opened at $80.50 on Friday. The firm has a market capitalization of $4.38 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The firm has a fifty day moving average of $82.80 and a 200 day moving average of $83.95.

Pampa Energia (NYSE:PAM) last released its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The business had revenue of $573.00 million for the quarter. As a group, research analysts anticipate that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energia

Several hedge funds have recently bought and sold shares of PAM. Raymond James Financial Inc. purchased a new stake in Pampa Energia in the second quarter worth about $37,000. NFJ Investment Group LLC bought a new stake in shares of Pampa Energia in the 4th quarter worth approximately $104,000. Van ECK Associates Corp purchased a new stake in shares of Pampa Energia in the 3rd quarter worth approximately $139,000. Quantbot Technologies LP bought a new position in Pampa Energia during the 3rd quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC purchased a new position in Pampa Energia during the fourth quarter valued at $212,000. Institutional investors own 12.77% of the company’s stock.

Analysts Set New Price Targets

PAM has been the topic of several recent research reports. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. Wall Street Zen downgraded shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Pampa Energia has an average rating of “Hold” and an average target price of $103.83.

About Pampa Energia

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.