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

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin purchased 12,175 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average price of $64.60 per share, for a total transaction of $786,505.00. Following the purchase, the insider directly owned 761,720 shares in the company, valued at $49,207,112. The trade was a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through 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 bought at an average cost of $63.72 per share, with a total value of $488,541.24.
• On Tuesday, November 10th, Damian Mindlin acquired 401 shares of Pampa Energia stock. The shares were bought at an average cost of $62.23 per share, with a total value of $24,954.23.
• On Wednesday, November 4th, Damian Mindlin acquired 19,239 shares of Pampa Energia stock. The shares were 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 bought 19,413 shares of Pampa Energia stock. The stock was 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 bought 1,432,197 shares of Pampa Energia stock. The stock was bought at an average cost of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Trading Down 0.7%

NYSE PAM opened at $63.10 on Friday. Pampa Energia S.A. has a 12 month low of $61.22 and a 12 month high of $94.50. The stock has a market cap of $3.39 billion, a P/E ratio of 5.08, a P/E/G ratio of 0.19 and a beta of 0.96. The stock’s fifty day moving average price is $77.68 and its 200-day moving average price is $81.74. The company has a current ratio of 2.79, a quick ratio of 2.47 and a debt-to-equity ratio of 0.65.

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, beating the consensus estimate of $2.29 by $0.12. The firm had revenue of $790.00 million during the quarter, compared to the consensus estimate of $805.46 million. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. As a group, equities analysts forecast that Pampa Energia S.A. will post 10.81 EPS for the current fiscal year.

Institutional Trading of Pampa Energia

A number of institutional investors and hedge funds have recently modified their holdings of PAM. Absolute Gestao de Investimentos Ltda. lifted its holdings in shares of Pampa Energia by 198.1% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider’s stock valued at $25,433,000 after purchasing an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Pampa Energia in the 1st quarter worth about $14,482,000. ABS Direct Equity Fund LLC increased its holdings in Pampa Energia by 183.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 47,856 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Pampa Energia by 189.7% in the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock worth $1,302,000 after buying an additional 10,382 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Pampa Energia in the 2nd quarter worth about $608,000. Institutional investors own 12.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAM. 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. Weiss Ratings downgraded shares of Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. JPMorgan Chase & Co. dropped their target price on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.