Pampa Energia (NYSE:PAM) Director Marcos Marcelo Mindlin Purchases 275,000 Shares

Pampa Energia S.A. (NYSE:PAM) Director Marcos Marcelo Mindlin bought 275,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $3.37 per share, with a total value of $926,750.00. Following the acquisition, the director owned 21,646,973 shares of the company’s stock, valued at $72,950,299.01. This represents a 1.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, May 19th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.48, for a total value of $6,264,000.00.
• On Friday, May 8th, Marcos Marcelo Mindlin sold 1,800,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.35, for a total value of $6,030,000.00.
• On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total value of $5,265,000.00.
• On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.43, for a total value of $4,287,500.00.
• On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total value of $5,929,500.00.

Pampa Energia Trading Up 0.5%

NYSE PAM opened at $84.07 on Friday. The stock’s 50 day moving average is $83.50 and its 200 day moving average is $84.53. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $4.57 billion, a PE ratio of 10.48, a P/E/G ratio of 3.32 and a beta of 0.97. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $94.50.

Pampa Energia (NYSE:PAM) last posted its quarterly earnings data on Tuesday, March 31st. The utilities provider reported $4.00 earnings per share (EPS) for the quarter. The business had revenue of $573.00 million during the quarter. Pampa Energia had a return on equity of 12.23% and a net margin of 20.31%. Research analysts forecast that Pampa Energia S.A. will post 8.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Several institutional investors and hedge funds have recently modified their holdings of PAM. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia in the second quarter worth $37,000. NFJ Investment Group LLC purchased a new position in shares of Pampa Energia in the fourth quarter worth $104,000. Van ECK Associates Corp purchased a new position in shares of Pampa Energia in the third quarter worth $139,000. Quantbot Technologies LP bought a new stake in Pampa Energia in the 3rd quarter worth about $187,000. Finally, Arete Wealth Advisors LLC bought a new stake in Pampa Energia in the 4th quarter worth about $212,000. 12.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Zacks Research upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pampa Energia presently has an average rating of “Buy” and an average price target of $105.00.

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.