Key Points
- Insider buying: Damian Miguel Mindlin purchased 1,432,197 Pampa Energia shares at an average of $3.89 each, investing approximately $5.57 million and increasing his stake by 11.43% to 13.96 million shares.
- Financial performance: Pampa Energia reported quarterly earnings of $2.50 per share on $746 million in revenue, with a 23.58% net margin and 15.33% return on equity.
- Analyst outlook: Wall Street analysts assign the stock an average “Hold” rating and a consensus price target of $105, while institutional investors own 12.77% of the company.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Damian Mindlin acquired 1,432,197 shares of the stock in a transaction dated Monday, September 28th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $5,571,246.33. Following the acquisition, the insider owned 13,959,067 shares in the company, valued at $54,300,770.63. The trade was a 11.43% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Pampa Energia Stock Up 0.2%
Shares of PAM stock opened at $76.27 on Friday. The stock's 50 day simple moving average is $82.24 and its 200 day simple moving average is $83.17. 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 twelve month low of $58.50 and a twelve month high of $94.50. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.25 and a beta of 0.93.
Pampa Energia (NYSE:PAM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The utilities provider reported $2.50 earnings per share for the quarter. The firm had revenue of $746.00 million during the quarter. Pampa Energia had a return on equity of 15.33% and a net margin of 23.58%. As a group, research analysts predict that Pampa Energia S.A. will post 10.94 EPS for the current year.
Institutional Trading of Pampa Energia
A number of institutional investors and hedge funds have recently modified their holdings of PAM. DGS Capital Management LLC raised its stake in shares of Pampa Energia by 16.6% in the first quarter. DGS Capital Management LLC now owns 3,083 shares of the utilities provider's stock valued at $273,000 after purchasing an additional 438 shares in the last quarter. Titan Global Capital Management USA LLC boosted its stake in Pampa Energia by 6.4% during the first quarter. Titan Global Capital Management USA LLC now owns 13,612 shares of the utilities provider's stock worth $1,205,000 after buying an additional 820 shares in the last quarter. NFJ Investment Group LLC bought a new stake in Pampa Energia in the 4th quarter valued at $104,000. Banco BTG Pactual S.A. increased its holdings in Pampa Energia by 3.8% in the 4th quarter. Banco BTG Pactual S.A. now owns 88,217 shares of the utilities provider's stock valued at $7,808,000 after buying an additional 3,250 shares during the period. Finally, ABS Direct Equity Fund LLC raised its stake in shares of Pampa Energia by 5.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 77,660 shares of the utilities provider's stock valued at $6,378,000 after buying an additional 3,699 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
PAM has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Pampa Energia from $101.50 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 1st. Zacks Research lowered shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of Pampa Energia in a report on Wednesday, September 9th. Finally, Wall Street Zen lowered shares of Pampa Energia from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 27th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Pampa Energia presently has an average rating of "Hold" and an average price target of $105.00.
Read Our Latest Report on PAM
Pampa Energia Company Profile
(
Get Free Report)
Pampa Energía SA is an Argentine integrated energy company with operations spanning electricity generation and oil and gas exploration and production. The company is one of Argentina's leading private-sector power producers, supplying electricity through a portfolio that includes thermal, hydroelectric and renewable generation facilities.
In its upstream business, Pampa explores for and produces crude oil and natural gas in several of Argentina's principal hydrocarbon basins, including the Vaca Muerta shale formation in Neuquén Province.
Further Reading
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