Pampa Energia (NYSE:PAM) Insider Buys 19,413 Shares of Stock

Key Points

• Insider Damian Mindlin bought 19,413 Pampa Energia shares at an average of $68.43, spending about $1.33 million. The purchase increased his stake by 2.81% to 710,306 shares.
• Pampa Energia shares fell $0.96 to $63.88 during Thursday trading, close to the stock’s 52-week low of $63.42.
• Analyst sentiment is mixed but averages to Hold: one analyst rates the stock Buy and three rate it Hold, with a consensus price target of $98.50.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Damian Mindlin purchased 19,413 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average cost of $68.43 per share, with a total value of $1,328,431.59. Following the completion of the transaction, the insider directly owned 710,306 shares of the company's stock, valued at $48,606,239.58. The trade was a 2.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 4th, Damian Mindlin purchased 19,239 shares of Pampa Energia stock. The shares were acquired at an average price of $66.93 per share, for a total transaction of $1,287,666.27.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The stock was acquired at an average cost of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Stock Performance

PAM stock traded down $0.96 during midday trading on Thursday, hitting $63.88. The company's stock had a trading volume of 289,335 shares, compared to its average volume of 209,514. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 0.23 and a beta of 0.96. The company has a quick ratio of 3.23, a current ratio of 2.79 and a debt-to-equity ratio of 0.65. The stock's 50-day moving average price is $79.90 and its 200 day moving average price is $82.31. Pampa Energia S.A. has a 1 year low of $63.42 and a 1 year high of $94.50.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The firm had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. On average, equities analysts forecast that Pampa Energia S.A. will post 10.81 EPS for the current year.

Hedge Funds Weigh In On Pampa Energia

A number of large investors have recently made changes to their positions in the stock. Absolute Gestao de Investimentos Ltda. increased its holdings in shares of Pampa Energia by 198.1% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider's stock worth $25,433,000 after purchasing an additional 190,963 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in Pampa Energia during the first quarter valued at $14,482,000. ABS Direct Equity Fund LLC grew its position in Pampa Energia by 183.3% during the first quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider's stock worth $6,359,000 after buying an additional 47,856 shares in the last quarter. Hsbc Holdings PLC increased its stake in Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock worth $4,058,000 after acquiring an additional 20,438 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Pampa Energia in the 1st quarter worth about $1,569,000. 12.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAM has been the topic of a number of research analyst reports. Zacks Research cut shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on Pampa Energia from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Wall Street Zen lowered Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Pampa Energia currently has an average rating of "Hold" and a consensus target price of $98.50.

Pampa Energia Company Profile

Pampa Energía SA is an integrated Argentine energy company engaged in electricity generation, oil and natural gas exploration and production, and related energy infrastructure. Its power-generation portfolio includes thermal, hydroelectric and renewable facilities that supply electricity to Argentina's wholesale power market.

The company's upstream operations are focused primarily on Argentina, including conventional and unconventional resources in the Neuquén Basin and the Vaca Muerta formation.

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