Insider Buying: Pampa Energia (NYSE:PAM) Insider Buys 7,667 Shares of Stock

Key Points

• Insider Damian Mindlin bought 7,667 Pampa Energia shares at an average price of $63.72, spending about $488,500. He then held 769,788 shares, and the purchase followed several other recent buys.
• Pampa Energia’s latest quarter beat earnings expectations, reporting $2.41 per share versus a $2.29 consensus estimate, though revenue of $790 million fell short of forecasts.
• Analysts’ average rating is Hold, with an average price target of $98.50. Shares recently traded at $63.56, below their 50- and 200-day moving averages.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Damian Mindlin bought 7,667 shares of the firm's stock in a transaction dated Wednesday, November 11th. The shares were acquired at an average cost of $63.72 per share, with a total value of $488,541.24. Following the completion of the transaction, the insider owned 769,788 shares of the company's stock, valued at $49,050,891.36. This represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, November 10th, Damian Mindlin bought 401 shares of Pampa Energia stock. The stock was acquired at an average price of $62.23 per share, for a total transaction of $24,954.23.
• On Monday, November 9th, Damian Mindlin purchased 12,175 shares of Pampa Energia stock. The shares were bought at an average price of $64.60 per share, with a total value of $786,505.00.
• On Wednesday, November 4th, Damian Mindlin acquired 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 acquired 19,413 shares of Pampa Energia stock. The shares were bought at an average cost 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, with a total value of $5,571,246.33.

Pampa Energia Stock Up 0.0%

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

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.12. The business had revenue of $790.00 million for the quarter, compared to analyst estimates of $805.46 million. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. On average, research analysts expect that Pampa Energia S.A. will post 10.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of PAM. Modern Wealth Management LLC bought a new stake in Pampa Energia during the first quarter valued at approximately $371,000. WINTON GROUP Ltd purchased a new position in Pampa Energia in the 2nd quarter worth approximately $608,000. Guardian Partners Inc. bought a new position in shares of Pampa Energia in the 1st quarter worth $620,000. Titan Global Capital Management USA LLC increased its holdings in shares of Pampa Energia by 6.4% in the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider's stock worth $1,205,000 after buying an additional 820 shares during the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of Pampa Energia by 189.7% in the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider's stock worth $1,302,000 after buying an additional 10,382 shares during the last quarter. 12.77% of the stock is owned by hedge funds and other institutional investors.

About Pampa Energia

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.

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