Pampa Energia (NYSE:PAM) Insider Purchases $1,287,666.27 in Stock

Key Points

• Insider Damian Mindlin purchased 19,239 Pampa Energia shares at an average $66.93, spending about $1.29 million. The purchase raised his direct holdings to 729,545 shares; he also bought 19,413 shares the previous day.
• Pampa Energia shares fell 1.5% to $63.88 in Thursday trading, near their 12-month low of $63.42 and below their 50- and 200-day moving averages.
• Analyst sentiment is mostly cautious: the consensus rating is Hold, with a $98.50 average price target. JPMorgan cut its target from $105 to $100 and assigned a neutral rating.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Damian Mindlin purchased 19,239 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average cost of $66.93 per share, with a total value of $1,287,666.27. Following the transaction, the insider directly owned 729,545 shares of the company's stock, valued at $48,828,446.85. The trade was a 2.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, November 3rd, Damian Mindlin acquired 19,413 shares of Pampa Energia stock. The shares were purchased at an average price of $68.43 per share, with a total value of $1,328,431.59.
• On Monday, September 28th, Damian Mindlin bought 1,432,197 shares of Pampa Energia stock. The stock was purchased at an average cost of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Trading Down 1.5%

Pampa Energia stock traded down $0.96 during midday trading on Thursday, reaching $63.88. The stock had a trading volume of 289,335 shares, compared to its average volume of 209,514. The stock's 50-day simple moving average is $79.90 and its 200 day simple moving average is $82.31. Pampa Energia S.A. has a twelve month low of $63.42 and a twelve month high of $94.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 3.23 and a current ratio of 2.79. The stock has a market capitalization of $3.43 billion, a PE ratio of 5.10, a price-to-earnings-growth ratio of 0.23 and a beta of 0.96.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its 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 25.84% and a return on equity of 17.37%. The firm had revenue of $746.00 million during the quarter. Analysts expect that Pampa Energia S.A. will post 10.81 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on PAM. Zacks Research lowered shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a research report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. lowered their price target on Pampa Energia from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $98.50.

Hedge Funds Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. DGS Capital Management LLC grew its position in Pampa Energia by 16.6% in the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider's stock valued at $273,000 after acquiring an additional 438 shares in the last quarter. Modern Wealth Management LLC acquired a new position in shares of Pampa Energia during the first quarter worth $371,000. WINTON GROUP Ltd purchased a new position in shares of Pampa Energia in the second quarter valued at $608,000. Guardian Partners Inc. purchased a new position in shares of Pampa Energia in the first quarter valued at $620,000. Finally, Titan Global Capital Management USA LLC grew its holdings in Pampa Energia by 6.4% during the 1st quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider's stock valued at $1,205,000 after purchasing an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company's stock.

About Pampa Energia

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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