Pampa Energia (NYSE:PAM) Director Buys $1,720,000.00 in Stock

Key Points

• Director Marcos Marcelo Mindlin purchased 500,000 Pampa Energia shares at an average of $3.44 each, investing $1.72 million and increasing his direct ownership by 2.25% to 22.68 million shares.
• Mindlin has made several additional purchases in recent months, including more than 1.4 million shares in August, following two large sales totaling 3.002 million shares in July.
• Pampa Energia shares rose 2.3% to $86.03. Analysts maintain an average “Hold” rating with a $105 price target, while the company reported $2.50 quarterly EPS and $746 million in revenue.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin acquired 500,000 shares of the business's stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $3.44 per share, with a total value of $1,720,000.00. Following the acquisition, the director directly owned 22,680,592 shares of the company's stock, valued at $78,021,236.48. This represents a 2.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, August 27th, Marcos Marcelo Mindlin purchased 150,000 shares of Pampa Energia stock. The shares were purchased at an average cost of $3.38 per share, with a total value of $507,000.00.
• On Wednesday, August 19th, Marcos Marcelo Mindlin bought 902,975 shares of Pampa Energia stock. The stock was purchased at an average price of $3.34 per share, with a total value of $3,015,936.50.
• On Tuesday, August 18th, Marcos Marcelo Mindlin acquired 396,950 shares of Pampa Energia stock. The stock was 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 shares were sold at an average price of $3.54, for a total transaction of $5,310,000.00.
• On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total value of $5,121,820.00.
• On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The stock was purchased at an average price of $3.37 per share, for a total transaction of $970,276.92.
• On Thursday, June 25th, Marcos Marcelo Mindlin acquired 383,600 shares of Pampa Energia stock. The stock was purchased at an average price of $3.37 per share, for a total transaction of $1,292,732.00.
• On Wednesday, June 24th, Marcos Marcelo Mindlin purchased 739,178 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.35 per share, with a total value of $2,476,246.30.

Pampa Energia Trading Up 2.3%

Shares of Pampa Energia stock traded up $1.95 during midday trading on Wednesday, reaching $86.03. 103,039 shares of the company's stock traded hands, compared to its average volume of 215,282. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. The stock has a 50 day moving average of $82.56 and a 200-day moving average of $82.88. The company has a market cap of $4.62 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.28 and a beta of 0.93. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly 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 for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. As a group, equities analysts expect that Pampa Energia S.A. will post 10.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PAM shares. Wall Street Zen lowered Pampa Energia from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Pampa Energia in a research report on Friday, June 12th. 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 objective on shares of Pampa Energia from $101.50 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Pampa Energia presently has an average rating of "Hold" and an average target price of $105.00.

Hedge Funds Weigh In On Pampa Energia

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Pampa Energia in the second quarter worth about $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia during the 4th quarter worth about $104,000. Van ECK Associates Corp purchased a new position in Pampa Energia during the third quarter valued at approximately $139,000. Arete Wealth Advisors LLC purchased a new position in shares of Pampa Energia in the 4th quarter valued at $212,000. Finally, DGS Capital Management LLC purchased a new position in Pampa Energia in the fourth quarter valued at about $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.

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