Pampa Energia (NYSE:PAM) Stock: Insider Damian Miguel Mindlin Buys 1,432,197 Shares

Key Points

• Insider purchase: Damian Mindlin bought 1,432,197 Pampa Energia shares at an average $3.89 each, investing approximately $5.57 million and increasing his stake by 11.43% to 13.96 million shares.
• Financial performance: Pampa Energia reported quarterly revenue of $746 million and EPS of $2.50, while analysts expect full-year EPS of $10.94.
• Market outlook: PAM recently traded at $76.27, and analysts have a consensus “Hold” rating with an average price target of $105. Institutional investors own 12.77% of the company.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Damian Mindlin bought 1,432,197 shares of the company's stock in a transaction on Monday, September 28th. The stock was bought at an average cost of $3.89 per share, with a total value of $5,571,246.33. Following the completion of the acquisition, the insider owned 13,959,067 shares of the company's stock, valued at $54,300,770.63. This represents a 11.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pampa Energia Price Performance

PAM traded up $0.18 during trading on Friday, reaching $76.27. 108,237 shares of the stock were exchanged, compared to its average volume of 213,437. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.64 and a quick ratio of 3.23. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 0.25 and a beta of 0.93. Pampa Energia S.A. has a 1 year low of $58.50 and a 1 year high of $94.50. The business's 50 day moving average price is $82.44 and its two-hundred day moving average price is $83.22.

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

Institutional Investors Weigh In On Pampa Energia

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. DGS Capital Management LLC increased its stake in Pampa Energia by 16.6% during the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider's stock worth $273,000 after acquiring an additional 438 shares during the last quarter. Titan Global Capital Management USA LLC increased its position 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 worth $1,205,000 after purchasing an additional 820 shares in the last quarter. NFJ Investment Group LLC purchased a new position in Pampa Energia in the fourth quarter valued at approximately $104,000. Banco BTG Pactual S.A. lifted its position in Pampa Energia by 3.8% during the fourth quarter. Banco BTG Pactual S.A. now owns 88,217 shares of the utilities provider's stock valued at $7,808,000 after buying an additional 3,250 shares in the last quarter. Finally, ABS Direct Equity Fund LLC grew its stake in Pampa Energia by 5.0% during the second quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider's stock worth $6,378,000 after buying an additional 3,699 shares during the period. Hedge funds and other institutional investors own 12.77% of the company's stock.

Wall Street Analysts Forecast Growth

PAM has been the subject of several research reports. Wall Street Zen downgraded Pampa Energia from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 27th. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $105.00.

Pampa Energia Company Profile

Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina's leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.

In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina's principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.

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