Pampa Energia (NYSE:PAM) Director Purchases $3,015,936.50 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin acquired 902,975 shares of Pampa Energia stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average cost of $3.34 per share, with a total value of $3,015,936.50. Following the completion of the transaction, the director directly owned 21,355,592 shares of the company’s stock, valued at $71,327,677.28. This trade represents a 4.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, August 18th, Marcos Marcelo Mindlin bought 396,950 shares of Pampa Energia stock. The shares were bought at an average cost of $3.35 per share, for a total transaction of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total transaction of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total transaction of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, with a total value of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, for a total transaction of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, for a total transaction of $926,750.00.

Pampa Energia Stock Performance

NYSE:PAM opened at $79.66 on Friday. The firm’s 50-day moving average is $83.15 and its 200-day moving average is $83.04. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50.

Pampa Energia (NYSE:PAM) last released its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The business had revenue of $746.00 million during the quarter. Equities research analysts anticipate that Pampa Energia S.A. will post 10.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PAM. JPMorgan Chase & Co. lifted their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Friday, June 12th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.83.

Hedge Funds Weigh In On Pampa Energia

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Pampa Energia in the 2nd quarter valued at about $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia in the fourth quarter worth about $104,000. Van ECK Associates Corp acquired a new position in shares of Pampa Energia during the third quarter worth approximately $139,000. Arete Wealth Advisors LLC bought a new stake in shares of Pampa Energia during the fourth quarter valued at approximately $212,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Pampa Energia in the fourth quarter valued at approximately $234,000. Institutional investors own 12.77% of the company’s stock.

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.