Insider Buying: Pampa Energia (NYSE:PAM) Insider Purchases $1,956,500.00 in Stock

Key Points

• Insider Gustavo Mariani purchased 25,000 Pampa Energia shares at an average price of $78.26, investing $1.96 million and increasing his direct ownership by 1.57% to 1.62 million shares.
• PAM shares traded at $76.84, while the company reported quarterly earnings of $2.50 per share on $746 million in revenue. Analysts expect full-year earnings of $10.94 per share.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $105 average price target; institutional investors own 12.77% of the company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Gustavo Mariani purchased 25,000 shares of the company's stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $78.26 per share, for a total transaction of $1,956,500.00. Following the purchase, the insider directly owned 1,616,184 shares of the company's stock, valued at approximately $126,482,559.84. The trade was a 1.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Pampa Energia Stock Performance

Shares of Pampa Energia stock traded up $0.29 during midday trading on Tuesday, hitting $76.84. The company had a trading volume of 227,860 shares, compared to its average volume of 214,119. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 7.30, a PEG ratio of 0.25 and a beta of 0.93. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $83.14 and a 200 day simple moving average of $83.34. Pampa Energia S.A. has a 12-month low of $57.14 and a 12-month high of $94.50.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PAM. Weiss Ratings reissued a "hold (c)" rating on shares of Pampa Energia in a report on Wednesday, September 9th. Wall Street Zen lowered Pampa Energia from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their price target on Pampa Energia from $101.50 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia currently has a consensus rating of "Hold" and an average price target of $105.00.

Institutional Trading of Pampa Energia

Hedge funds and other institutional investors have recently made changes to their positions in the business. Absolute Gestao de Investimentos Ltda. increased 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 purchased a new position in Pampa Energia during the first quarter worth approximately $14,482,000. Assenagon Asset Management S.A. acquired a new stake in Pampa Energia in the first quarter valued at approximately $4,896,000. ABS Direct Equity Fund LLC grew its holdings in Pampa Energia by 183.3% in the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 47,856 shares during the period. Finally, BW Gestao de Investimentos Ltda. purchased a new stake in shares of Pampa Energia in the fourth quarter valued at approximately $3,105,000. Institutional investors and hedge funds own 12.77% of the company's stock.

About Pampa Energia

Pampa Energía SA is an integrated energy company headquartered in Buenos Aires, Argentina. Through its subsidiaries and investments, the company operates across electricity generation, oil and gas exploration and production, and petrochemicals. Its activities primarily support Argentina's domestic energy market.

Pampa generates electricity from a diversified portfolio of thermal, hydroelectric, and renewable power facilities located in several regions of the country. The company also explores for and produces oil and natural gas, including from Argentina's Vaca Muerta shale formation, and participates in the production of nitrogen-based fertilizers through its investment in Profertil.

Founded in 2005, Pampa expanded its position in Argentina's energy industry through acquisitions and the development of new generation and hydrocarbon projects.

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