Key Points
- Director Marcos Marcelo Mindlin bought 902,975 Pampa Energia shares at an average price of $3.34, investing approximately $3.02 million and increasing his direct holdings to 21.36 million shares.
- Pampa Energia reported quarterly EPS of $2.50 on $746 million in revenue, with a 23.58% net margin and 15.33% return on equity.
- The stock opened at $79.18, while analysts’ average price target is $103.83; overall analyst sentiment remains “Hold,” despite ratings ranging from Buy to Strong Buy.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Marcelo Mindlin purchased 396,950 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $3.35 per share, with a total value of $1,329,782.50. Following the purchase, the director owned 20,452,617 shares of the company's stock, valued at approximately $68,516,266.95. This represents a 1.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Wednesday, August 19th, Marcos Marcelo Mindlin acquired 902,975 shares of Pampa Energia stock. The stock was bought at an average price of $3.34 per share, for a total transaction of $3,015,936.50.
- On Wednesday, July 8th, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.54, for a total value of $5,310,000.00.
- On Wednesday, July 1st, Marcos Marcelo Mindlin sold 1,502,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total value of $5,121,820.00.
- On Friday, June 26th, Marcos Marcelo Mindlin bought 287,916 shares of Pampa Energia stock. The shares were bought at an average cost of $3.37 per share, with a total value of $970,276.92.
- On Thursday, June 25th, Marcos Marcelo Mindlin purchased 383,600 shares of Pampa Energia stock. The stock was bought at an average cost of $3.37 per share, for a total transaction of $1,292,732.00.
- On Wednesday, June 24th, Marcos Marcelo Mindlin acquired 739,178 shares of Pampa Energia stock. The stock was bought at an average price of $3.35 per share, with a total value of $2,476,246.30.
- On Wednesday, May 27th, Marcos Marcelo Mindlin acquired 275,000 shares of Pampa Energia stock. The stock was bought at an average price of $3.37 per share, with a total value of $926,750.00.
Pampa Energia Stock Performance
Shares of Pampa Energia stock opened at $79.18 on Friday. The business has a 50-day simple moving average of $83.33 and a 200-day simple moving average of $83.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.23 and a current ratio of 3.64. Pampa Energia S.A. has a one year low of $54.95 and a one year high of $94.50. The company has a market cap of $4.26 billion, a PE ratio of 7.52, a P/E/G ratio of 0.27 and a beta of 0.97.
Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The utilities provider reported $2.50 EPS for the quarter. Pampa Energia had a net margin of 23.58% and a return on equity of 15.33%. The company had revenue of $746.00 million during the quarter. On average, equities research analysts forecast that Pampa Energia S.A. will post 10.68 EPS for the current fiscal year.
Institutional Trading of Pampa Energia
Several hedge funds have recently made changes to their positions in PAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Pampa Energia by 8.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 603,127 shares of the utilities provider's stock worth $41,845,000 after acquiring an additional 45,653 shares during the period. Absolute Gestao de Investimentos Ltda. raised its holdings in Pampa Energia by 198.1% during the first quarter. Absolute Gestao de Investimentos Ltda. now owns 287,383 shares of the utilities provider's stock worth $25,433,000 after purchasing an additional 190,963 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Pampa Energia by 20.5% in the fourth quarter. JPMorgan Chase & Co. now owns 274,758 shares of the utilities provider's stock valued at $24,319,000 after purchasing an additional 46,719 shares during the period. PointState Capital LP acquired a new stake in Pampa Energia in the fourth quarter valued at about $24,006,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Pampa Energia by 68.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 174,078 shares of the utilities provider's stock valued at $10,455,000 after purchasing an additional 70,862 shares in the last quarter. Institutional investors and hedge funds own 12.77% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on PAM shares. Zacks Research cut shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Pampa Energia in a report on Friday, June 12th. Wall Street Zen raised Pampa Energia from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Finally, JPMorgan Chase & Co. upped their target price on Pampa Energia from $97.50 to $101.50 and gave the company a "neutral" rating in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Pampa Energia has an average rating of "Hold" and an average target price of $103.83.
Check Out Our Latest Analysis 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.
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