Key Points
- Director Marcos Marcelo Mindlin sold 1,675,000 shares on April 16 at an average price of $3.54 for total proceeds of $5,929,500, cutting his holding to 15,221,973 shares (a 9.91% ownership decrease).
- Pampa Energia opened at $80.62 (12‑month range $54.95–$94.50), reported quarterly EPS of $2.50 on $507M revenue, and carries a market cap of $4.39B with a consensus analyst rating of "Moderate Buy" and a $105 target price.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin sold 1,675,000 shares of the firm's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $3.54, for a total value of $5,929,500.00. Following the completion of the transaction, the director owned 15,221,973 shares in the company, valued at $53,885,784.42. This represents a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Pampa Energia Stock Down 2.3%
NYSE:PAM opened at $80.62 on Friday. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50. 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 firm has a market capitalization of $4.39 billion, a P/E ratio of 11.63, a P/E/G ratio of 3.29 and a beta of 1.06. The stock's fifty day simple moving average is $83.20 and its 200-day simple moving average is $82.11.
Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share (EPS) for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The business had revenue of $507.00 million for the quarter. Equities research analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current year.
Institutional Trading of Pampa Energia
Several hedge funds and other institutional investors have recently modified their holdings of the company. Connective Portfolio Management LLC acquired a new stake in shares of Pampa Energia in the 1st quarter valued at about $620,000. Hsbc Holdings PLC raised its stake in shares of Pampa Energia by 77.6% in the 4th quarter. Hsbc Holdings PLC now owns 46,788 shares of the utilities provider's stock valued at $4,058,000 after purchasing an additional 20,438 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $234,000. Invesco Ltd. acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $9,736,000. Finally, Vident Advisory LLC acquired a new stake in shares of Pampa Energia in the 4th quarter valued at about $444,000. Institutional investors and hedge funds own 12.77% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on PAM. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Zacks Research upgraded Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pampa Energia in a report on Thursday, January 22nd. Finally, HSBC upgraded Pampa Energia from a "hold" rating to a "buy" rating and lifted their target price for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.
Get Our Latest Research Report on Pampa Energia
About Pampa Energia
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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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