Pampa Energia (NYSE:PAM) Insider Acquires $1,956,500.00 in Stock

Pampa Energia S.A. (NYSE:PAM) insider Gustavo Mariani purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were acquired at an average price of $78.26 per share, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider owned 1,616,184 shares in the company, valued at $126,482,559.84. The trade was a 1.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Pampa Energia Trading Down 2.2%

PAM stock opened at $76.09 on Friday. The business has a fifty day moving average price of $82.44 and a 200 day moving average price of $83.22. Pampa Energia S.A. has a fifty-two week low of $57.14 and a fifty-two week high of $94.50. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The company 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%. Analysts expect that Pampa Energia S.A. will post 10.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on PAM. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. JPMorgan Chase & Co. boosted their target price on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Zacks Research lowered shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $105.00.

Institutional Investors Weigh In On Pampa Energia

Institutional investors and hedge funds have recently made changes to their positions in the company. NFJ Investment Group LLC bought a new position in Pampa Energia in the fourth quarter valued at about $104,000. DGS Capital Management LLC bought a new stake in Pampa Energia during the 4th quarter worth about $234,000. Modern Wealth Management LLC acquired a new position in Pampa Energia during the 1st quarter valued at about $371,000. WINTON GROUP Ltd acquired a new position in Pampa Energia during the 2nd quarter valued at about $608,000. Finally, Connective Portfolio Management LLC acquired a new position in Pampa Energia during the 1st quarter valued at about $620,000. Institutional investors own 12.77% of the company’s stock.

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.