Key Points
- Pampa Energia director Marcos Marcelo Mindlin sold 1.8 million shares on May 8 for about $6.03 million, reducing his stake by 7.21% to 23.17 million shares.
- The sale adds to a recent pattern of insider selling, with Mindlin also unloading shares in multiple transactions in mid- and late April.
- The stock was trading higher, and the company reported solid recent results: $4.00 EPS last quarter on $573 million in revenue, while analysts currently maintain a Buy consensus with a $105 average price target.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the business's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.35, for a total transaction of $6,030,000.00. Following the completion of the sale, the director owned 23,171,973 shares of the company's stock, valued at approximately $77,626,109.55. This represents a 7.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total transaction of $5,265,000.00.
- On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.43, for a total transaction of $4,287,500.00.
- On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total transaction of $5,929,500.00.
Pampa Energia Trading Up 3.9%
NYSE:PAM opened at $81.80 on Tuesday. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. The firm has a market cap of $4.45 billion, a P/E ratio of 10.20, a P/E/G ratio of 3.13 and a beta of 0.97. The firm has a 50-day simple moving average of $83.14 and a 200-day simple moving average of $84.31.
Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The utilities provider reported $4.00 EPS for the quarter. Pampa Energia had a net margin of 20.31% and a return on equity of 12.23%. The business had revenue of $573.00 million during the quarter. Equities analysts anticipate that Pampa Energia S.A. will post 8.62 EPS for the current fiscal year.
Hedge Funds Weigh In On Pampa Energia
Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Pampa Energia in the second quarter worth about $37,000. NFJ Investment Group LLC acquired a new stake in Pampa Energia during the fourth quarter worth about $104,000. Van ECK Associates Corp acquired a new stake in shares of Pampa Energia during the third quarter valued at about $139,000. Arete Wealth Advisors LLC acquired a new stake in shares of Pampa Energia during the fourth quarter valued at about $212,000. Finally, DGS Capital Management LLC acquired a new stake in shares of Pampa Energia during the fourth quarter valued at about $234,000. 12.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PAM has been the subject of several recent analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pampa Energia in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Saturday, March 14th. Zacks Research raised shares of Pampa Energia from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 29th. Finally, HSBC upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating and raised their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $105.00.
Check Out Our Latest Research Report on Pampa Energia
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.
Further Reading
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