Pampa Energia (NYSE:PAM) VP Damian Miguel Mindlin Sells 500,000 Shares

Pampa Energia S.A. (NYSE:PAM) VP Damian Miguel Mindlin sold 500,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Damian Miguel Mindlin also recently made the following trade(s):

• On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The shares were sold at an average price of $3.65, for a total value of $1,741.05.
• On Thursday, March 19th, Damian Miguel Mindlin sold 300,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.41, for a total value of $1,023,000.00.
• On Wednesday, March 18th, Damian Miguel Mindlin sold 429,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.45, for a total value of $1,480,050.00.

Pampa Energia Stock Up 2.1%

Shares of NYSE PAM opened at $89.02 on Friday. The company has a quick ratio of 2.75, a current ratio of 3.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $4.84 billion, a P/E ratio of 12.85, a P/E/G ratio of 3.47 and a beta of 1.06. Pampa Energia S.A. has a 52 week low of $54.95 and a 52 week high of $94.50. The business has a 50-day simple moving average of $83.17 and a two-hundred day simple moving average of $80.26.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Sunday, February 15th. The utilities provider reported $2.50 earnings per share for the quarter. Pampa Energia had a return on equity of 10.75% and a net margin of 18.87%.The firm had revenue of $507.00 million for the quarter. Research analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in shares of Pampa Energia during the 2nd quarter valued at $37,000. NFJ Investment Group LLC purchased a new position in Pampa Energia in the fourth quarter worth $104,000. Van ECK Associates Corp bought a new position in Pampa Energia in the third quarter valued at $139,000. Quantbot Technologies LP bought a new position in Pampa Energia in the third quarter valued at $187,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Pampa Energia during the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAM. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a research note on Thursday, January 22nd. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $97.00 in a research report on Thursday, March 12th. Zacks Research upgraded Pampa Energia from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $105.00.

About Pampa Energia

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.