Key Points
- VP Damian Miguel Mindlin sold 429,000 shares of Pampa Energia on March 18 at an average price of $3.45 for a total of $1.48 million, trimming his stake by 2.82% while still holding 14,768,847 shares (about $50.95 million).
- Pampa beat quarterly expectations, reporting EPS of $3.00 versus a $0.65 consensus, with a return on equity of 10.75% and a net margin of 18.87%.
- Market sentiment is mixed: institutional ownership is roughly 12.77%, the average analyst rating is a "Hold" with a consensus price target of $105, while recent notes include HSBC upgrading to a "Buy" (PT $97) and Wall Street Zen to "Strong-Buy."
Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Damian Miguel Mindlin sold 429,000 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $3.45, for a total transaction of $1,480,050.00. Following the completion of the transaction, the vice president owned 14,768,847 shares in the company, valued at approximately $50,952,522.15. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Pampa Energia Price Performance
PAM opened at $84.22 on Friday. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $82.30 and its 200 day moving average price is $78.82. Pampa Energia S.A. has a fifty-two week low of $54.95 and a fifty-two week high of $94.50. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 3.71 and a beta of 1.16.
Pampa Energia (NYSE:PAM - Get Free Report) last posted its earnings results on Monday, March 2nd. The utilities provider reported $3.00 EPS for the quarter, beating the consensus estimate of $0.65 by $2.35. The company had revenue of $96.00 million during the quarter, compared to analyst estimates of $737.30 billion. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%. As a group, sell-side analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current year.
Hedge Funds Weigh In On Pampa Energia
Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia in the 2nd quarter worth approximately $37,000. NFJ Investment Group LLC acquired a new position in Pampa Energia in the fourth quarter worth approximately $104,000. Van ECK Associates Corp acquired a new position in Pampa Energia in the third quarter worth approximately $139,000. Quantbot Technologies LP bought a new position in shares of Pampa Energia in the third quarter valued at $187,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Pampa Energia during the 4th quarter valued at $212,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on PAM. Weiss Ratings restated a "hold (c-)" rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Zacks Research cut Pampa Energia from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 31st. Wall Street Zen raised Pampa Energia from a "hold" rating to a "strong-buy" rating in a research note on Saturday, March 14th. Finally, HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and increased their price target for the stock from $88.00 to $97.00 in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $105.00.
Check Out Our Latest Report on Pampa Energia
About Pampa Energia
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
