Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Buys 396,950 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 396,950 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $3.35 per share, for a total transaction of $1,329,782.50. Following the completion of the acquisition, the director directly owned 20,452,617 shares in the company, valued at $68,516,266.95. The trade was a 1.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 19th, Marcos Marcelo Mindlin purchased 902,975 shares of Pampa Energia stock. The shares were purchased at an average price of $3.34 per share, with a total value of $3,015,936.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were 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 value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin acquired 287,916 shares of Pampa Energia stock. The stock was acquired at an average price of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The stock was acquired at an average price of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin bought 275,000 shares of Pampa Energia stock. The stock was acquired at an average price of $3.37 per share, for a total transaction of $926,750.00.

Pampa Energia Price Performance

NYSE:PAM opened at $79.18 on Friday. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The stock’s fifty day moving average is $83.33 and its two-hundred day moving average is $83.06. The company has a market capitalization of $4.26 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.27 and a beta of 0.97. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64.

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

Hedge Funds Weigh In On Pampa Energia

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PAM shares. Wall Street Zen raised shares of Pampa Energia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on shares of Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.83.

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.