Key Points
- Insider Damian Mindlin bought 12,175 Pampa Energia shares at an average price of $64.60, spending about $786,505. The purchase increased his direct ownership to 761,720 shares.
- Pampa Energia reported quarterly EPS of $2.41, topping the $2.29 consensus estimate, while revenue of $790 million came in below analysts’ $805.46 million forecast.
- Analyst sentiment is mostly cautious: MarketBeat reported a consensus “Hold” rating from four analysts, with an average price target of $98.50.
Pampa Energia S.A. (NYSE:PAM - Get Free Report) insider Damian Mindlin acquired 12,175 shares of the firm's stock in a transaction dated Monday, November 9th. The shares were bought at an average cost of $64.60 per share, with a total value of $786,505.00. Following the completion of the acquisition, the insider directly owned 761,720 shares of the company's stock, valued at $49,207,112. The trade was a 1.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Damian Miguel Mindlin also recently made the following trade(s):
- On Wednesday, November 11th, Damian Mindlin acquired 7,667 shares of Pampa Energia stock. The shares were bought at an average price of $63.72 per share, for a total transaction of $488,541.24.
- On Tuesday, November 10th, Damian Mindlin acquired 401 shares of Pampa Energia stock. The shares were bought at an average price of $62.23 per share, for a total transaction of $24,954.23.
- On Wednesday, November 4th, Damian Mindlin bought 19,239 shares of Pampa Energia stock. The stock was bought at an average price of $66.93 per share, for a total transaction of $1,287,666.27.
- On Tuesday, November 3rd, Damian Mindlin bought 19,413 shares of Pampa Energia stock. The stock was bought at an average cost of $68.43 per share, with a total value of $1,328,431.59.
- On Monday, September 28th, Damian Mindlin bought 1,432,197 shares of Pampa Energia stock. The stock was bought at an average cost of $3.89 per share, with a total value of $5,571,246.33.
Pampa Energia Price Performance
Shares of PAM opened at $63.10 on Friday. The firm has a market cap of $3.39 billion, a PE ratio of 5.08, a P/E/G ratio of 0.19 and a beta of 0.96. The company has a current ratio of 2.79, a quick ratio of 2.47 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $77.68 and a two-hundred day simple moving average of $81.74. Pampa Energia S.A. has a 1-year low of $61.22 and a 1-year high of $94.50.
Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The utilities provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.12. The firm had revenue of $790.00 million for the quarter, compared to analysts' expectations of $805.46 million. Pampa Energia had a return on equity of 17.37% and a net margin of 25.84%. On average, equities analysts anticipate that Pampa Energia S.A. will post 10.81 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently commented on PAM. Weiss Ratings cut Pampa Energia from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. Wall Street Zen downgraded Pampa Energia from a "strong-buy" rating to a "buy" rating in a report on Sunday, September 27th. Zacks Research lowered shares of Pampa Energia from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Pampa Energia from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $98.50.
Get Our Latest Stock Report on Pampa Energia
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in PAM. Engineers Gate Manager LP boosted its stake in shares of Pampa Energia by 189.7% during the 2nd quarter. Engineers Gate Manager LP now owns 15,855 shares of the utilities provider's stock worth $1,302,000 after acquiring an additional 10,382 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Pampa Energia during the 1st quarter valued at $14,482,000. WINTON GROUP Ltd purchased a new stake in shares of Pampa Energia in the 2nd quarter worth $608,000. Guardian Partners Inc. purchased a new stake in shares of Pampa Energia in the 1st quarter worth $620,000. Finally, ABS Direct Equity Fund LLC increased its stake in shares of Pampa Energia by 183.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,961 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 47,856 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.
Pampa Energia Company Profile
(
Get Free Report)
Pampa Energía is an integrated energy company based in Argentina. Its businesses include electricity generation, oil and natural gas exploration and production, and petrochemicals. The company generates power from thermal, hydroelectric and wind facilities and supplies energy to the Argentine market. Its oil and gas operations span several Argentine basins, including the Vaca Muerta shale formation, while its petrochemical business produces products such as styrene, polystyrene and synthetic rubber.
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