Key Points
- VP Damian Miguel Mindlin sold 500,000 shares on March 31 at an average price of $3.57 for $1,785,000, and his March insider sales total about 1.23 million shares worth roughly $4.29 million, according to an SEC filing.
- Pampa Energia (PAM) is trading near $89 with a market cap of $4.84 billion, and analysts hold a consensus "Moderate Buy" rating with a target price of about $105 after recent upgrades by HSBC and Wall Street Zen.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) VP Damian Miguel Mindlin sold 500,000 shares of the firm's stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $3.57, for a total value of $1,785,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
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 stock was sold at an average price of $3.65, for a total value of $1,741.05.
- On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total transaction of $1,023,000.00.
- On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total transaction of $1,480,050.00.
Pampa Energia Trading Up 2.1%
PAM stock opened at $89.02 on Friday. The company has a market capitalization of $4.84 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.75 and a current ratio of 3.11. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The company's 50 day moving average price is $83.17 and its two-hundred day moving average price is $80.26.
Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a net margin of 18.87% and a return on equity of 10.75%. The company had revenue of $507.00 million during the quarter. As a group, analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on PAM shares. HSBC raised Pampa Energia from a "hold" rating to a "buy" rating and raised their price objective for the company from $88.00 to $97.00 in a research note on Thursday, March 12th. Weiss Ratings restated a "hold (c-)" rating on shares of Pampa Energia in a report on Thursday, January 22nd. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Finally, Zacks Research upgraded Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $105.00.
Read Our Latest Analysis on Pampa Energia
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. PointState Capital LP purchased a new stake in shares of Pampa Energia in the 4th quarter worth about $24,006,000. Fundamenta Capital S.A. bought a new position in Pampa Energia in the fourth quarter worth about $23,496,000. Helikon Investments Ltd lifted its holdings in Pampa Energia by 41.9% in the third quarter. Helikon Investments Ltd now owns 698,775 shares of the utilities provider's stock worth $41,968,000 after buying an additional 206,197 shares during the period. Ping Capital Management Inc. lifted its holdings in Pampa Energia by 217.6% in the third quarter. Ping Capital Management Inc. now owns 242,000 shares of the utilities provider's stock worth $14,535,000 after buying an additional 165,800 shares during the period. Finally, Seldon Capital LP bought a new stake in Pampa Energia during the 4th quarter valued at approximately $12,582,000. 12.77% of the stock is currently owned by institutional investors.
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.
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