Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Buys 19,413 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 19,413 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were bought at an average price of $68.43 per share, with a total value of $1,328,431.59. Following the completion of the transaction, the insider owned 710,306 shares of the company’s stock, valued at $48,606,239.58. The trade was a 2.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The stock was bought at an average cost of $66.93 per share, for a total transaction of $1,287,666.27.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The shares were bought at an average price of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Price Performance

Shares of NYSE PAM traded down $0.96 during mid-day trading on Thursday, reaching $63.88. 289,335 shares of the company were exchanged, compared to its average volume of 209,514. Pampa Energia S.A. has a 52 week low of $63.42 and a 52 week high of $94.50. The company has a quick ratio of 3.23, a current ratio of 2.79 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.43 billion, a PE ratio of 5.12, a PEG ratio of 0.23 and a beta of 0.96. The company’s 50 day moving average price is $79.90 and its 200 day moving average price is $82.31.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The business had revenue of $746.00 million for the quarter. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. Sell-side analysts forecast that Pampa Energia S.A. will post 10.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $98.50.

Hedge Funds Weigh In On Pampa Energia

Several hedge funds and other institutional investors have recently modified their holdings of PAM. ABS Direct Equity Fund LLC boosted its position in Pampa Energia by 5.0% during the 2nd 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 in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Pampa Energia during the second quarter valued at approximately $608,000. Engineers Gate Manager LP boosted its position in shares of Pampa Energia by 189.7% during the second quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after purchasing an additional 10,382 shares in the last quarter. Wealth High Governance Asset Management Ltda. grew its stake 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 purchasing an additional 4,866 shares during the period. Finally, Guardian Partners Inc. purchased a new stake in Pampa Energia in the first quarter worth $620,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

About Pampa Energia

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina’s wholesale power market.

The company’s upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.