Pampa Energia (NYSE:PAM) Director Buys $1,292,732.00 in Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 383,600 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $3.37 per share, for a total transaction of $1,292,732.00. Following the completion of the transaction, the director directly owned 22,769,751 shares in the company, valued at approximately $76,734,060.87. This represents a 1.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, June 24th, Marcos Marcelo Mindlin bought 739,178 shares of Pampa Energia stock. The stock was bought at an average cost of $3.35 per share, with a total value of $2,476,246.30.
• On Wednesday, May 27th, Marcos Marcelo Mindlin purchased 275,000 shares of Pampa Energia stock. The shares were bought at an average price of $3.37 per share, with a total value of $926,750.00.
• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.48, for a total value of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were 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 transaction 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 transaction 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 Price Performance

Shares of PAM traded up $0.57 during trading hours on Friday, reaching $80.50. 131,561 shares of the company traded hands, compared to its average volume of 236,903. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $4.38 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.95. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The stock has a fifty day simple moving average of $82.83 and a 200 day simple moving average of $83.97.

Pampa Energia (NYSE:PAM) last announced its earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share 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 during the quarter. As a group, research analysts predict that Pampa Energia S.A. will post 9.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia in the 2nd quarter worth $37,000. NFJ Investment Group LLC acquired a new stake in shares of Pampa Energia during the fourth quarter worth approximately $104,000. Van ECK Associates Corp acquired a new position in Pampa Energia in the 3rd quarter worth about $139,000. Quantbot Technologies LP acquired a new position in shares of Pampa Energia during the 3rd quarter worth $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Pampa Energia during the 4th quarter worth about $212,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAM has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. HSBC upgraded shares of Pampa Energia from a “hold” rating to a “buy” rating and raised their price target for the company from $88.00 to $97.00 in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on Pampa Energia from $97.50 to $101.50 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pampa Energia in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.