Pampa Energia (NYSE:PAM) Director Buys $35,139,300.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Mindlin bought 435,000 shares of the stock in a transaction on Thursday, October 15th. The shares were acquired at an average price of $80.78 per share, with a total value of $35,139,300.00. Following the purchase, the director owned 7,191,339 shares of the company’s stock, valued at $580,916,364.42. The trade was a 6.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, August 31st, Marcos Mindlin bought 500,000 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.44 per share, for a total transaction of $1,720,000.00.
• On Thursday, August 27th, Marcos Mindlin purchased 150,000 shares of Pampa Energia stock. The stock was acquired at an average price of $3.38 per share, for a total transaction of $507,000.00.
• On Wednesday, August 19th, Marcos Mindlin purchased 902,975 shares of Pampa Energia stock. The stock was acquired at an average price of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Mindlin purchased 396,950 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.35 per share, with a total value of $1,329,782.50.

Pampa Energia Stock Performance

Shares of NYSE PAM traded up $0.69 during midday trading on Friday, hitting $81.17. The company’s stock had a trading volume of 147,631 shares, compared to its average volume of 209,947. 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 1-year low of $58.50 and a 1-year high of $94.50. The firm’s fifty day moving average price is $81.34 and its 200-day moving average price is $82.94. The firm has a market cap of $4.36 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.26 and a beta of 0.93.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The firm had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. On average, sell-side analysts forecast that Pampa Energia S.A. will post 10.94 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PAM shares. JPMorgan Chase & Co. increased their price target on Pampa Energia from $101.50 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Wall Street Zen lowered 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 report on Monday, July 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pampa Energia currently has a consensus rating of “Hold” and a consensus target price of $105.00.

Institutional Trading of Pampa Energia

A number of large investors have recently modified their holdings of the company. DGS Capital Management LLC raised its position in Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider’s stock valued at $273,000 after acquiring an additional 438 shares in the last quarter. Titan Global Capital Management USA LLC lifted its stake in Pampa Energia by 6.4% in the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock valued at $1,205,000 after acquiring an additional 820 shares during the last quarter. ABS Direct Equity Fund LLC lifted its stake in Pampa Energia by 5.0% in the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock valued at $6,378,000 after acquiring an additional 3,699 shares during the last quarter. Modern Wealth Management LLC bought a new stake in Pampa Energia in the first quarter worth approximately $371,000. Finally, Wealth High Governance Asset Management Ltda. grew its position in Pampa Energia by 24.5% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock worth $2,187,000 after acquiring an additional 4,866 shares in the last quarter. Institutional investors and hedge funds 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.