Key Points
- Director Marcos Mindlin purchased 435,000 Pampa Energia shares at an average price of $80.78, investing approximately $35.1 million. His direct ownership rose 6.44% to 7.19 million shares.
- Pampa Energia shares traded near $81.17, with a market capitalization of approximately $4.36 billion. The company reported $2.50 in quarterly EPS, $746 million in revenue, and a 23.58% net margin.
- Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $105 price target. Institutional investors own 12.77% of the company after several funds increased or initiated positions.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) Director Marcos Mindlin purchased 435,000 shares of Pampa Energia stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average cost of $80.78 per share, for a total transaction of $35,139,300.00. Following the transaction, the director directly owned 7,191,339 shares of the company's stock, valued at $580,916,364.42. This represents a 6.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Monday, August 31st, Marcos Mindlin acquired 500,000 shares of Pampa Energia stock. The shares were bought at an average price of $3.44 per share, for a total transaction of $1,720,000.00.
- On Thursday, August 27th, Marcos Mindlin acquired 150,000 shares of Pampa Energia stock. The stock was bought at an average cost of $3.38 per share, with a total value of $507,000.00.
- On Wednesday, August 19th, Marcos Mindlin bought 902,975 shares of Pampa Energia stock. The shares were bought at an average price of $3.34 per share, with a total value of $3,015,936.50.
- On Tuesday, August 18th, Marcos Mindlin bought 396,950 shares of Pampa Energia stock. The shares were bought at an average price of $3.35 per share, with a total value of $1,329,782.50.
Pampa Energia Price Performance
Shares of PAM traded up $0.69 during trading hours on Friday, hitting $81.17. 147,636 shares of the company were exchanged, compared to its average volume of 159,447. The company has a quick ratio of 3.23, a current ratio of 3.64 and a debt-to-equity ratio of 0.64. Pampa Energia S.A. has a fifty-two week low of $58.50 and a fifty-two week high of $94.50. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.26 and a beta of 0.93. The firm's fifty day moving average is $81.32 and its 200 day moving average is $82.92.
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 return on equity of 15.33% and a net margin of 23.58%. The business had revenue of $746.00 million during the quarter. On average, equities analysts anticipate that Pampa Energia S.A. will post 10.94 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Pampa Energia from $101.50 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, September 1st. 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. Weiss Ratings reissued a "hold (c)" rating on shares of Pampa Energia in a research note on Wednesday, September 9th. Finally, Zacks Research downgraded shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $105.00.
Read Our Latest Analysis on Pampa Energia
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Absolute Gestao de Investimentos Ltda. raised its stake 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 acquiring an additional 190,963 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Pampa Energia in the 1st quarter valued at approximately $14,482,000. ABS Direct Equity Fund LLC boosted 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 purchasing an additional 3,699 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Pampa Energia during the 1st quarter valued at approximately $4,896,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Pampa Energia by 77.6% during 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 last quarter. Institutional investors own 12.77% of the company's stock.
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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