Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Acquires 435,000 Shares of Company Stock

Pampa Energia S.A. (NYSE:PAM) Director Marcos Mindlin purchased 435,000 shares of Pampa Energia stock in a transaction that occurred on Thursday, October 15th. The shares were acquired at an average price of $80.78 per share, with a total value of $35,139,300.00. Following the acquisition, the director directly owned 7,191,339 shares of the company’s stock, valued at $580,916,364.42. This trade represents a 6.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Marcos Marcelo Mindlin also recently made the following trade(s):

• On Monday, August 31st, Marcos Mindlin bought 500,000 shares of Pampa Energia stock. The shares were acquired at an average price of $3.44 per share, with a total value of $1,720,000.00.
• On Thursday, August 27th, Marcos Mindlin bought 150,000 shares of Pampa Energia stock. The shares were acquired at an average price of $3.38 per share, with a total value of $507,000.00.
• On Wednesday, August 19th, Marcos Mindlin bought 902,975 shares of Pampa Energia stock. The shares were acquired at an average cost of $3.34 per share, for a total transaction of $3,015,936.50.
• On Tuesday, August 18th, Marcos Mindlin purchased 396,950 shares of Pampa Energia stock. The stock was acquired at an average price of $3.35 per share, for a total transaction of $1,329,782.50.

Pampa Energia Stock Performance

PAM traded up $0.69 during trading hours on Friday, reaching $81.17. The company’s stock had a trading volume of 147,636 shares, compared to its average volume of 159,447. The company’s 50-day moving average is $81.32 and its 200-day moving average is $82.92. Pampa Energia S.A. has a 52 week low of $58.50 and a 52 week high of $94.50. The firm has a market cap of $4.36 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 0.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64.

Pampa Energia (NYSE:PAM) last released its quarterly earnings data on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The firm had revenue of $746.00 million during the quarter. On average, equities analysts forecast that Pampa Energia S.A. will post 10.94 EPS for the current year.

Analysts Set New Price Targets

PAM has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Zacks Research cut shares of Pampa Energia from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. raised 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, September 1st. Finally, Wall Street Zen cut Pampa Energia from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 27th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.00.

Institutional Investors Weigh In On Pampa Energia

A number of hedge funds and other institutional investors have recently modified their holdings of PAM. Engineers Gate Manager LP grew its stake in shares of Pampa Energia by 189.7% in the second quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider’s stock valued at $1,302,000 after acquiring an additional 10,382 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Pampa Energia during the first quarter worth about $1,569,000. Hsbc Holdings PLC raised its stake in Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider’s stock worth $4,058,000 after purchasing an additional 20,438 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Pampa Energia in the 1st quarter worth about $14,482,000. Finally, WINTON GROUP Ltd bought a new stake in Pampa Energia in the 2nd quarter valued at about $608,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

About Pampa Energia

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.