Insider Selling: Pampa Energia (NYSE:PAM) Insider Sells 555,000 Shares of Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Miguel Mindlin sold 555,000 shares of the 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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, April 9th, Damian Miguel Mindlin sold 57,500 shares of Pampa Energia stock. The stock was sold at an average price of $3.47, for a total value of $199,525.00.
• On Tuesday, March 31st, Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.57, for a total value 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 value 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 value 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 value of $1,480,050.00.

Pampa Energia Stock Down 3.3%

PAM stock traded down $2.82 during trading on Friday, reaching $81.71. 135,201 shares of the company traded hands, compared to its average volume of 240,390. Pampa Energia S.A. has a 12 month low of $54.95 and a 12 month high of $94.50. The business has a 50 day simple moving average of $83.57 and a 200 day simple moving average of $84.44. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share for the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%.The company had revenue of $573.00 million for the quarter. On average, equities research analysts anticipate that Pampa Energia S.A. will post 9.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PAM shares. HSBC raised 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. JPMorgan Chase & Co. lifted their price target on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Pampa Energia presently has an average rating of “Hold” and an average target price of $103.83.

Institutional Trading of Pampa Energia

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in Pampa Energia in the second quarter valued at approximately $37,000. NFJ Investment Group LLC acquired a new stake in Pampa Energia in the fourth quarter valued at approximately $104,000. Van ECK Associates Corp acquired a new stake in Pampa Energia in the third quarter valued at approximately $139,000. Quantbot Technologies LP acquired a new stake in Pampa Energia in the third quarter valued at approximately $187,000. Finally, Arete Wealth Advisors LLC acquired a new stake in Pampa Energia in the fourth quarter valued at approximately $212,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.