Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Buys 401 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 401 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was acquired at an average cost of $62.23 per share, with a total value of $24,954.23. Following the completion of the acquisition, the insider owned 762,121 shares of the company’s stock, valued at $47,426,789.83. This represents a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 11th, Damian Mindlin acquired 7,667 shares of Pampa Energia stock. The shares were acquired at an average price of $63.72 per share, with a total value of $488,541.24.
• On Monday, November 9th, Damian Mindlin bought 12,175 shares of Pampa Energia stock. The shares were acquired at an average price of $64.60 per share, for a total transaction of $786,505.00.
• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The stock was bought at an average price 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 shares were bought at an average cost 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 shares were bought at an average price of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Trading Up 0.0%

PAM stock traded up $0.00 during mid-day trading on Thursday, reaching $63.56. 316,960 shares of the stock traded hands, compared to its average volume of 211,569. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.47 and a current ratio of 2.79. Pampa Energia S.A. has a one year low of $61.22 and a one year high of $94.50. The stock has a market capitalization of $3.42 billion, a PE ratio of 5.08, a PEG ratio of 0.20 and a beta of 0.96. The business has a 50-day moving average price of $78.14 and a two-hundred day moving average price of $81.85.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.12. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. The firm had revenue of $790.00 million for the quarter, compared to the consensus estimate of $805.46 million. Equities research analysts expect that Pampa Energia S.A. will post 10.81 EPS for the current year.

Institutional Trading of Pampa Energia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Absolute Gestao de Investimentos Ltda. increased its holdings in shares of Pampa Energia by 198.1% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after acquiring an additional 190,963 shares during the period. SPX Gestao de Recursos Ltda bought a new position in Pampa Energia in the first quarter worth about $14,482,000. ABS Direct Equity Fund LLC lifted its position in shares of Pampa Energia by 183.3% during the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock valued at $6,359,000 after buying an additional 47,856 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Pampa Energia by 189.7% in 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 in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Pampa Energia in the 2nd quarter valued at about $608,000. Institutional investors own 12.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Weiss Ratings lowered Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a report 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 note on Sunday, September 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $98.50.

About Pampa Energia

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.