Insider Buying: Pampa Energia (NYSE:PAM) Director Buys $35,139,300.00 in Stock

Key Points

• Director Marcos Mindlin purchased 435,000 Pampa Energia shares at an average price of $80.78, investing approximately $35.14 million and increasing his stake by 6.44% to 7.19 million shares.
• Pampa Energia shares rose 0.9% to $81.17, while the company reported $2.50 in quarterly EPS on $746 million in revenue and analysts expect full-year EPS of $10.94.
• Analyst sentiment remains cautious, with the stock carrying an average “Hold” rating and a $105 average price target; institutional investors and hedge funds own 12.77% of the company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Mindlin purchased 435,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average price of $80.78 per share, with a total value of $35,139,300.00. Following the completion of the acquisition, the director owned 7,191,339 shares in the company, valued at $580,916,364.42. This represents a 6.44% increase in their position. The transaction 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 Monday, August 31st, Marcos Mindlin acquired 500,000 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.44 per share, with a total value of $1,720,000.00.
• On Thursday, August 27th, Marcos Mindlin acquired 150,000 shares of Pampa Energia stock. The shares were purchased at an average price of $3.38 per share, for a total transaction of $507,000.00.
• On Wednesday, August 19th, Marcos Mindlin bought 902,975 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Mindlin bought 396,950 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.35 per share, for a total transaction of $1,329,782.50.

Pampa Energia Stock Up 0.9%

Shares of PAM stock traded up $0.69 on Friday, hitting $81.17. The stock had a trading volume of 147,631 shares, compared to its average volume of 209,947. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.26 and a beta of 0.93. The stock's 50 day moving average is $81.34 and its 200-day moving average is $82.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. Pampa Energia S.A. has a 52-week low of $58.50 and a 52-week high of $94.50.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The firm had revenue of $746.00 million for the quarter. As a group, research analysts expect that Pampa Energia S.A. will post 10.94 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Absolute Gestao de Investimentos Ltda. raised its stake in shares of 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 valued at $25,433,000 after purchasing an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energia in the first quarter worth about $14,482,000. ABS Direct Equity Fund LLC increased its holdings in Pampa Energia by 5.0% in the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider's stock valued at $6,378,000 after buying an additional 3,699 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Pampa Energia in the first quarter valued at about $4,896,000. Finally, Hsbc Holdings PLC increased its holdings in Pampa Energia by 77.6% in the fourth quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock valued at $4,058,000 after buying an additional 20,438 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PAM shares. JPMorgan Chase & Co. boosted their price target on Pampa Energia from $101.50 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 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 downgraded Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $105.00.

Pampa Energia Company Profile

Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina's leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.

In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina's principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.

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