Insider Buying: Pampa Energia (NYSE:PAM) Director Buys $3,015,936.50 in Stock

Key Points

• Director Marcos Marcelo Mindlin bought 902,975 Pampa Energia shares at an average of $3.34, totaling approximately $3.02 million. The purchase increased his direct ownership by 4.41% to 21.36 million shares.
• Shares traded at $79.18, while Pampa Energia reported quarterly EPS of $2.50 on $746 million in revenue. Analysts expect $10.68 in full-year EPS, and the stock carries a consensus “Hold” rating with a $103.83 price target.
• Mindlin has made several recent purchases but also sold 3.002 million shares in July. Institutional investors own 12.77% of Pampa Energia, Argentina’s largest independent energy company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin acquired 902,975 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $3.34 per share, for a total transaction of $3,015,936.50. Following the purchase, the director directly owned 21,355,592 shares of the company's stock, valued at approximately $71,327,677.28. This trade represents a 4.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, August 18th, Marcos Marcelo Mindlin bought 396,950 shares of Pampa Energia stock. The shares were acquired at an average price of $3.35 per share, with a total value of $1,329,782.50.
• On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total value of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin purchased 287,916 shares of Pampa Energia stock. The stock was acquired at an average price of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The shares were 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 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 acquired 275,000 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, for a total transaction of $926,750.00.

Pampa Energia Stock Performance

Shares of PAM traded down $0.06 during trading hours on Thursday, hitting $79.18. The company had a trading volume of 162,023 shares, compared to its average volume of 219,022. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.27 and a beta of 0.97. The business has a fifty day moving average of $83.52 and a 200-day moving average of $83.11. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The company had revenue of $746.00 million during the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. Equities analysts anticipate that Pampa Energia S.A. will post 10.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PAM. JPMorgan Chase & Co. boosted their price objective on Pampa Energia from $97.50 to $101.50 and gave the stock a "neutral" rating in a report on Monday, June 1st. Zacks Research lowered Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wall Street Zen raised Pampa Energia from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $103.83.

Institutional Trading of Pampa Energia

A number of institutional investors have recently bought and sold shares of PAM. Raymond James Financial Inc. acquired a new position in shares of Pampa Energia during the 2nd quarter worth approximately $37,000. NFJ Investment Group LLC acquired a new stake in shares of Pampa Energia in the fourth quarter valued at approximately $104,000. Van ECK Associates Corp bought a new stake in shares of Pampa Energia in the third quarter valued at approximately $139,000. Arete Wealth Advisors LLC bought a new stake in shares of Pampa Energia in the fourth quarter valued at approximately $212,000. Finally, DGS Capital Management LLC acquired a new stake in Pampa Energia during the fourth quarter worth approximately $234,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source