Pampa Energia (NYSE:PAM) Director Sells $6,264,000.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00. Following the transaction, the director directly owned 24,971,973 shares of the company’s stock, valued at approximately $86,902,466.04. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.35, for a total value of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.51, for a total value of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.43, for a total value of $4,287,500.00.
• On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total value of $5,929,500.00.

Pampa Energia Price Performance

PAM stock traded up $2.71 during midday trading on Thursday, hitting $82.15. 229,134 shares of the stock were exchanged, compared to its average volume of 238,987. The stock’s 50-day moving average price is $83.57 and its 200-day moving average price is $84.75. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 3.27 and a beta of 0.97. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The firm had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Research analysts predict that Pampa Energia S.A. will post 8.62 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on PAM. Zacks Research raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Pampa Energia in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pampa Energia presently has an average rating of “Buy” and an average price target of $105.00.

Hedge Funds Weigh In On Pampa Energia

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Pampa Energia during the second quarter worth $37,000. NFJ Investment Group LLC purchased a new position in Pampa Energia during the fourth quarter worth $104,000. Van ECK Associates Corp purchased a new position in Pampa Energia during the third quarter worth $139,000. Quantbot Technologies LP purchased a new position in Pampa Energia during the third quarter worth $187,000. Finally, Arete Wealth Advisors LLC purchased a new position in Pampa Energia during the fourth quarter worth $212,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

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.