Pampa Energia (NYSE:PAM) Insider Damian Miguel Mindlin Acquires 401 Shares of Company Stock

Pampa Energia S.A. (NYSE:PAM) insider Damian Mindlin purchased 401 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was acquired at an average price of $62.23 per share, for a total transaction of $24,954.23. Following the purchase, the insider owned 762,121 shares in the company, valued at $47,426,789.83. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 11th, Damian Mindlin purchased 7,667 shares of Pampa Energia stock. The shares were acquired at an average cost of $63.72 per share, with a total value of $488,541.24.
• On Monday, November 9th, Damian Mindlin acquired 12,175 shares of Pampa Energia stock. The shares were bought at an average cost of $64.60 per share, with a total value of $786,505.00.
• On Wednesday, November 4th, Damian Mindlin acquired 19,239 shares of Pampa Energia stock. The shares were bought at an average cost of $66.93 per share, with a total value of $1,287,666.27.
• On Tuesday, November 3rd, Damian Mindlin acquired 19,413 shares of Pampa Energia stock. The stock was bought at an average price of $68.43 per share, for a total transaction of $1,328,431.59.
• On Monday, September 28th, Damian Mindlin acquired 1,432,197 shares of Pampa Energia stock. The stock was bought at an average cost of $3.89 per share, for a total transaction of $5,571,246.33.

Pampa Energia Price Performance

Shares of PAM opened at $63.10 on Friday. The company’s 50-day moving average is $77.68 and its 200-day moving average is $81.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.79 and a quick ratio of 2.47. The firm has a market capitalization of $3.39 billion, a PE ratio of 5.08, a PEG ratio of 0.19 and a beta of 0.96. Pampa Energia S.A. has a fifty-two week low of $61.22 and a fifty-two week high of $94.50.

Pampa Energia (NYSE:PAM) last announced its earnings results on Monday, November 2nd. The utilities provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.29 by $0.12. Pampa Energia had a net margin of 25.84% and a return on equity of 17.37%. The business had revenue of $790.00 million during the quarter, compared to the consensus estimate of $805.46 million. Equities analysts forecast that Pampa Energia S.A. will post 10.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PAM shares. JPMorgan Chase & Co. cut their price objective on shares of Pampa Energia from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Zacks Research downgraded Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings lowered Pampa Energia from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Wall Street Zen lowered Pampa Energia from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 27th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.50.

Institutional Investors Weigh In On Pampa Energia

Institutional investors have recently made changes to their positions in the stock. ABS Direct Equity Fund LLC increased its stake in Pampa Energia by 5.0% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider’s stock worth $6,378,000 after acquiring an additional 3,699 shares during the period. WINTON GROUP Ltd acquired a new position in Pampa Energia in the 2nd quarter valued at $608,000. Engineers Gate Manager LP raised its holdings in Pampa Energia by 189.7% in the 2nd 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. Wealth High Governance Asset Management Ltda. lifted its position in shares of Pampa Energia by 24.5% during the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 24,714 shares of the utilities provider’s stock valued at $2,187,000 after acquiring an additional 4,866 shares during the period. Finally, Guardian Partners Inc. bought a new stake in shares of Pampa Energia during the 1st quarter valued at $620,000. 12.77% of the stock is currently owned by institutional investors.

About Pampa Energia

Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.