Insider Buying: Pampa Energia (NYSE:PAM) VP Buys $2,035,000.00 in Stock

Pampa Energia S.A. (NYSE:PAM) VP Gustavo Mariani bought 25,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $81.40 per share, for a total transaction of $2,035,000.00. Following the acquisition, the vice president owned 1,566,184 shares of the company’s stock, valued at approximately $127,487,377.60. This represents a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Pampa Energia Stock Up 0.1%

PAM stock opened at $78.78 on Monday. The company has a market cap of $4.29 billion, a P/E ratio of 9.82, a P/E/G ratio of 3.13 and a beta of 0.97. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The company’s 50-day moving average price is $83.14 and its 200 day moving average price is $84.02. 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 (NYSE:PAM) last released its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The firm had revenue of $573.00 million for the quarter. On average, research analysts expect that Pampa Energia S.A. will post 8.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Pampa Energia

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Pampa Energia in the second quarter worth $37,000. NFJ Investment Group LLC acquired a new stake in shares of Pampa Energia in the fourth quarter worth $104,000. Van ECK Associates Corp acquired a new stake in Pampa Energia during the 3rd quarter valued at $139,000. Quantbot Technologies LP acquired a new stake in Pampa Energia during the 3rd quarter valued at $187,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Pampa Energia during the 4th quarter valued at $212,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.