Insider Buying: Pampa Energia (NYSE:PAM) Director Purchases $970,276.92 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of $3.37 per share, with a total value of $970,276.92. Following the acquisition, the director owned 23,057,667 shares in the company, valued at approximately $77,704,337.79. This represents a 1.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.37 per share, with a total value of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The shares were acquired at an average price of $3.35 per share, for a total transaction of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.37 per share, for a total transaction of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.48, for a total transaction of $6,264,000.00.
• 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 transaction 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 shares were 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 shares were sold at an average price of $3.54, for a total value of $5,929,500.00.

Pampa Energia Trading Down 2.4%

Shares of NYSE:PAM opened at $80.15 on Thursday. The company has a market capitalization of $4.31 billion, a PE ratio of 9.99, a P/E/G ratio of 2.90 and a beta of 0.97. The company has a current ratio of 2.04, a quick ratio of 1.78 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. The business’s fifty day simple moving average is $82.79 and its 200-day simple moving average is $83.72.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The firm had revenue of $573.00 million during the quarter. As a group, equities research analysts predict that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pampa Energia

Several institutional investors have recently added to or reduced their stakes in PAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider’s stock worth $41,845,000 after acquiring an additional 45,653 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its stake in 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 worth $25,433,000 after purchasing an additional 190,963 shares in the last quarter. JPMorgan Chase & Co. grew its position in Pampa Energia by 20.5% during the 4th quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider’s stock worth $24,319,000 after purchasing an additional 46,719 shares during the last quarter. PointState Capital LP purchased a new stake in Pampa Energia during the 4th quarter worth approximately $24,006,000. Finally, Fundamenta Capital S.A. acquired a new position in Pampa Energia during the 4th quarter valued at approximately $23,496,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Wall Street Zen lowered shares of Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. increased their target price on shares of Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their target price for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pampa Energia in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.83.

About Pampa Energia

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.