Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Acquires 12,175 Shares of Company Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 12,175 shares of the stock in a transaction on Monday, November 9th. The stock was purchased at an average cost of $64.60 per share, for a total transaction of $786,505.00. Following the acquisition, the insider owned 761,720 shares of the company’s stock, valued at $49,207,112. This trade represents a 1.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, November 11th, Damian Mindlin bought 7,667 shares of Pampa Energia stock. The stock was purchased at an average cost of $63.72 per share, for a total transaction of $488,541.24.
• On Tuesday, November 10th, Damian Mindlin purchased 401 shares of Pampa Energia stock. The shares were purchased at an average price of $62.23 per share, with a total value of $24,954.23.
• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The shares were acquired at an average cost of $66.93 per share, with a total value of $1,287,666.27.
• On Tuesday, November 3rd, Damian Mindlin acquired 19,413 shares of Pampa Energia stock. The stock was acquired at an average price of $68.43 per share, for a total transaction of $1,328,431.59.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The stock was acquired at an average price of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Stock Performance

Shares of PAM traded up $0.00 on Thursday, reaching $63.56. The company’s stock had a trading volume of 316,960 shares, compared to its average volume of 211,569. The stock’s 50 day simple moving average is $78.14 and its two-hundred day simple moving average is $81.85. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 2.47. The stock has a market capitalization of $3.42 billion, a P/E ratio of 5.07, a PEG ratio of 0.20 and a beta of 0.96. Pampa Energia S.A. has a 12-month low of $61.22 and a 12-month high of $94.50.

Pampa Energia (NYSE:PAM) last announced its earnings results on Monday, November 2nd. The utilities provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.12. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. The business had revenue of $790.00 million during the quarter, compared to analysts’ expectations of $805.46 million. Research analysts forecast that Pampa Energia S.A. will post 10.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PAM. Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. JPMorgan Chase & Co. cut their price target on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, November 2nd. Weiss Ratings cut Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.50.

Institutional Trading of Pampa Energia

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAM. Modern Wealth Management LLC bought a new position in shares of Pampa Energia during the first quarter worth $371,000. WINTON GROUP Ltd purchased a new position in shares of Pampa Energia in the 2nd quarter worth approximately $608,000. Guardian Partners Inc. purchased a new position in shares of Pampa Energia in the 1st quarter worth approximately $620,000. Titan Global Capital Management USA LLC increased its position in shares of Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after purchasing an additional 820 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in Pampa Energia by 189.7% during the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after buying an additional 10,382 shares during the period. Institutional investors own 12.77% of the company’s stock.

Pampa Energia Company Profile

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.