Short Interest in Pampa Energia S.A. (NYSE:PAM) Declines By 35.2%

Key Points

• Short interest fell 35.2% to 217,236 shares as of August 14, representing 0.9% of Pampa Energia’s shares and 1.3 days of average trading volume.
• Director Marcos Marcelo Mindlin bought 150,000 shares for $507,000, while insiders collectively sold more shares than they purchased over the past 90 days. Corporate insiders own 55.52% of the company.
• Pampa Energia shares recently traded at $83.72, while analysts maintain an average Hold rating and a $105 price target; the company reported quarterly EPS of $2.50 on $746 million in revenue.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 217,236 shares, a decline of 35.2% from the July 30th total of 335,372 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 170,793 shares, the days-to-cover ratio is currently 1.3 days.

Insider Buying and Selling

In other news, Director Marcos Marcelo Mindlin acquired 150,000 shares of Pampa Energia stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average cost of $3.38 per share, with a total value of $507,000.00. Following the completion of the acquisition, the director owned 22,180,592 shares in the company, valued at $74,970,400.96. This trade represents a 0.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Damian Miguel Mindlin sold 555,000 shares of the business's stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the sale, the insider owned 12,541,870 shares in the company, valued at approximately $44,523,638.50. The trade was a 4.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 2,860,619 shares of company stock worth $9,591,974 and sold 3,557,000 shares worth $12,402,070. Corporate insiders own 55.52% of the company's stock.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently modified their holdings of the company. PointState Capital LP acquired a new stake in Pampa Energia during the fourth quarter worth approximately $24,006,000. Absolute Gestao de Investimentos Ltda. raised its holdings in 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 acquiring an additional 190,963 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Pampa Energia during the 1st quarter worth $14,482,000. Seldon Capital LP acquired a new stake in shares of Pampa Energia during the fourth quarter worth $12,582,000. Finally, Invesco Ltd. purchased a new stake in shares of Pampa Energia in the fourth quarter valued at $9,736,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Pampa Energia Price Performance

Shares of NYSE:PAM traded up $1.40 on Tuesday, hitting $83.72. The company had a trading volume of 158,469 shares, compared to its average volume of 216,006. The company has a current ratio of 3.64, a quick ratio of 3.23 and a debt-to-equity ratio of 0.64. The company has a market cap of $4.50 billion, a PE ratio of 7.95, a PEG ratio of 0.27 and a beta of 0.97. Pampa Energia has a 52-week low of $54.95 and a 52-week high of $94.50. The business has a 50 day moving average of $82.53 and a 200 day moving average of $82.90.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. The firm had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. As a group, equities analysts anticipate that Pampa Energia will post 10.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

PAM has been the subject of a number of research analyst reports. Zacks Research cut Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wall Street Zen cut shares of Pampa Energia from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 23rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $105.00.

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.

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