Pampa Energia (NYSE:PAM) VP Gustavo Mariani Acquires 25,000 Shares of Stock

Key Points

• VP Gustavo Mariani bought 25,000 shares of Pampa Energia at an average price of $81.40, a $2.04 million transaction that increased his ownership by 1.62%.
• Pampa Energia shares fell 4.5% to $78.78 in Friday trading, with volume above average; the stock has traded between $54.95 and $94.50 over the past year.
• Analysts remain mostly positive, with the stock carrying a consensus Buy rating and an average price target of $105.00 after several recent upgrades.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Gustavo Mariani bought 25,000 shares of Pampa Energia stock in a transaction on Thursday, May 7th. The shares were acquired at an average cost of $81.40 per share, for a total transaction of $2,035,000.00. Following the completion of the acquisition, the vice president directly owned 1,566,184 shares in the company, valued at approximately $127,487,377.60. The trade was a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Pampa Energia Trading Down 4.5%

PAM traded down $3.72 during midday trading on Friday, hitting $78.78. 375,405 shares of the company were exchanged, compared to its average volume of 239,697. The firm's 50 day moving average price is $83.14 and its 200-day moving average price is $84.02. Pampa Energia S.A. has a 1-year low of $54.95 and a 1-year high of $94.50. The firm has a market capitalization of $4.29 billion, a P/E ratio of 9.82, a P/E/G ratio of 3.31 and a beta of 0.97. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. The company had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.47% and a net margin of 20.31%. As a group, equities analysts forecast that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.

Institutional Trading of Pampa Energia

Several large investors have recently modified their holdings of PAM. PointState Capital LP acquired a new position in shares of Pampa Energia during the 4th quarter valued at $24,006,000. Fundamenta Capital S.A. acquired a new stake in Pampa Energia in the fourth quarter worth $23,496,000. Helikon Investments Ltd grew its holdings in Pampa Energia by 41.9% in the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider's stock worth $41,968,000 after purchasing an additional 206,197 shares during the period. Ping Capital Management Inc. increased its stake in Pampa Energia by 217.6% in the third quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider's stock valued at $14,535,000 after purchasing an additional 165,800 shares in the last quarter. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Pampa Energia during the first quarter valued at about $14,482,000. Institutional investors and hedge funds own 12.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. HSBC upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating and raised their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Pampa Energia in a report on Thursday, January 22nd. Finally, Zacks Research upgraded Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Pampa Energia presently has an average rating of "Buy" and a consensus target price 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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