Pampa Energia (NYSE:PAM) Insider Buys $1,287,666.27 in Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin bought 19,239 shares of the stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of $66.93 per share, with a total value of $1,287,666.27. Following the purchase, the insider directly owned 729,545 shares of the company’s stock, valued at approximately $48,828,446.85. This represents a 2.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, November 3rd, Damian Mindlin acquired 19,413 shares of Pampa Energia stock. The shares were acquired 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 shares were acquired at an average price of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Stock Down 0.5%

NYSE:PAM opened at $63.78 on Friday. Pampa Energia S.A. has a 1 year low of $63.42 and a 1 year high of $94.50. The company has a current ratio of 2.79, a quick ratio of 3.23 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.19 and a beta of 0.96. The stock has a 50-day moving average price of $79.22 and a two-hundred day moving average price of $82.14.

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

Hedge Funds Weigh In On Pampa Energia

Hedge funds have recently made changes to their positions in the business. DGS Capital Management LLC boosted its holdings 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 worth $273,000 after purchasing an additional 438 shares during the last quarter. Modern Wealth Management LLC acquired a new stake in Pampa Energia in the 1st quarter valued at $371,000. WINTON GROUP Ltd acquired a new stake in Pampa Energia in the 2nd quarter valued at $608,000. Guardian Partners Inc. acquired a new stake in Pampa Energia in the 1st quarter valued at $620,000. Finally, Titan Global Capital Management USA LLC lifted its position in Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider’s stock worth $1,205,000 after buying an additional 820 shares in the last quarter. 12.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on PAM shares. JPMorgan Chase & Co. cut their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Finally, Zacks Research lowered 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $98.50.

Pampa Energia Company Profile

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.