Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Purchases 401 Shares of Company Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin acquired 401 shares of Pampa Energia stock in a transaction dated Tuesday, November 10th. The stock was bought at an average price of $62.23 per share, with a total value of $24,954.23. Following the completion of the purchase, the insider directly owned 762,121 shares in the company, valued at $47,426,789.83. This represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 11th, Damian Mindlin bought 7,667 shares of Pampa Energia stock. The stock was bought at an average cost of $63.72 per share, for a total transaction of $488,541.24.
• On Monday, November 9th, Damian Mindlin bought 12,175 shares of Pampa Energia stock. The shares were bought at an average price of $64.60 per share, for a total transaction of $786,505.00.
• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The shares were bought at an average cost of $66.93 per share, with a total value of $1,287,666.27.
• On Tuesday, November 3rd, Damian Mindlin purchased 19,413 shares of Pampa Energia stock. The stock was bought at an average price of $68.43 per share, with a total value of $1,328,431.59.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The stock was bought at an average cost of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Stock Performance

Shares of NYSE PAM traded up $0.00 during trading on Thursday, hitting $63.56. The company had a trading volume of 316,960 shares, compared to its average volume of 211,569. Pampa Energia S.A. has a 12 month low of $61.22 and a 12 month high of $94.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.47 and a current ratio of 2.79. The firm has a market capitalization of $3.42 billion, a P/E ratio of 5.08, a price-to-earnings-growth ratio of 0.20 and a beta of 0.96. The stock has a 50 day simple moving average of $78.14 and a 200 day simple moving average of $81.85.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PAM shares. JPMorgan Chase & Co. decreased their price target on Pampa Energia from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings cut Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Wall Street Zen downgraded Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pampa Energia presently has an average rating of “Hold” and a consensus price target of $98.50.

Hedge Funds Weigh In On Pampa Energia

Several institutional investors have recently bought and sold shares of the stock. Modern Wealth Management LLC bought a new stake in Pampa Energia in the 1st quarter valued at $371,000. Guardian Partners Inc. bought a new position in shares of Pampa Energia during the 1st quarter valued at about $620,000. WINTON GROUP Ltd bought a new position in shares of Pampa Energia during the 2nd quarter valued at about $608,000. Titan Global Capital Management USA LLC boosted its holdings in shares of 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 valued at $1,205,000 after purchasing an additional 820 shares during the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Pampa Energia by 189.7% during the second quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after purchasing an additional 10,382 shares in the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

Pampa Energia Company Profile

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.