Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Damian Miguel Mindlin sold 300,000 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $3.41, for a total transaction of $1,023,000.00. Following the sale, the vice president directly owned 14,468,847 shares in the company, valued at $49,338,768.27. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Damian Miguel Mindlin also recently made the following trade(s):
- On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The shares were sold at an average price of $3.65, for a total transaction of $1,741.05.
- On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.45, for a total transaction of $1,480,050.00.
Pampa Energia Stock Down 0.7%
Shares of PAM opened at $83.53 on Tuesday. The company has a market capitalization of $4.54 billion, a P/E ratio of 12.05, a PEG ratio of 3.61 and a beta of 1.16. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The business's 50 day simple moving average is $82.32 and its 200-day simple moving average is $79.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.11 and a quick ratio of 2.75.
Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The utilities provider reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $2.35. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The firm had revenue of $96.00 million during the quarter, compared to analysts' expectations of $737.30 billion. As a group, sell-side analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. HSBC upgraded Pampa Energia from a "hold" rating to a "buy" rating and raised their target price for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 14th. Weiss Ratings restated a "hold (c-)" rating on shares of Pampa Energia in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Pampa Energia from a "hold" rating to a "strong sell" rating in a research note on Wednesday, December 31st. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $105.00.
Get Our Latest Stock Analysis on Pampa Energia
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of PAM. Raymond James Financial Inc. bought a new stake in shares of Pampa Energia during the second quarter worth $37,000. NFJ Investment Group LLC bought a new position in Pampa Energia in the fourth quarter valued at about $104,000. Van ECK Associates Corp bought a new position in Pampa Energia in the third quarter valued at about $139,000. Arete Wealth Advisors LLC acquired a new stake in Pampa Energia in the fourth quarter worth about $212,000. Finally, DGS Capital Management LLC acquired a new stake in Pampa Energia in the fourth quarter worth about $234,000. 12.77% of the stock is currently owned by institutional investors.
Pampa Energia Company Profile
(
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.
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