Pampa Energia (NYSE:PAM) VP Damian Miguel Mindlin Sells 57,500 Shares

Key Points

• Damian Miguel Mindlin, VP of Pampa Energía, sold 57,500 shares on April 9 at $3.47 for $199,525 and still directly owns 13,910,870 shares; the transaction was disclosed in an SEC filing.
• In recent weeks he has sold roughly 1.29 million shares across multiple March–April trades (including 500,000 on Mar 31 and 429,000 on Mar 18), generating about $4.49 million in proceeds and modestly reducing his position.
• Pampa Energía shares traded up about 1.1% to $87.57, and analysts have recently upgraded the stock (HSBC to Buy, Wall Street Zen to Strong‑Buy) with a consensus price target of $105.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Damian Miguel Mindlin sold 57,500 shares of the company's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $3.47, for a total transaction of $199,525.00. Following the sale, the vice president directly owned 13,910,870 shares of the company's stock, valued at $48,270,718.90. The trade was a 0.41% decrease in their position. The transaction 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 Tuesday, March 31st, Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.57, for a total transaction of $1,785,000.00.
• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was sold at an average price of $3.65, for a total transaction of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.41, for a total transaction of $1,023,000.00.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total transaction of $1,480,050.00.

Pampa Energia Trading Up 1.1%

PAM stock traded up $0.97 during mid-day trading on Friday, hitting $87.57. 52,922 shares of the company were exchanged, compared to its average volume of 231,928. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $4.76 billion, a P/E ratio of 12.64, a PEG ratio of 3.49 and a beta of 1.06. The business has a fifty day simple moving average of $83.24 and a 200-day simple moving average of $81.26. 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 issued its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. The business had revenue of $507.00 million for the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. On average, equities research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. HSBC upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating and raised their target price for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Pampa Energia during the 2nd quarter worth approximately $37,000. NFJ Investment Group LLC acquired a new stake in Pampa Energia during the 4th quarter worth approximately $104,000. Van ECK Associates Corp purchased a new position in Pampa Energia in the 3rd quarter worth approximately $139,000. Quantbot Technologies LP purchased a new position in Pampa Energia in the 3rd quarter worth approximately $187,000. Finally, Arete Wealth Advisors LLC purchased a new position in Pampa Energia in the 4th quarter worth approximately $212,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Pampa Energia Company Profile

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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