Pampa Energia S.A. (NYSE:PAM – Get Free Report) Director Marcos Marcelo Mindlin sold 1,800,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.35, for a total value of $6,030,000.00. Following the completion of the sale, the director owned 23,171,973 shares of the company’s stock, valued at $77,626,109.55. The trade was a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Marcos Marcelo Mindlin also recently made the following trade(s):
- On Wednesday, April 22nd, Marcos Marcelo Mindlin sold 1,500,000 shares of Pampa Energia stock. The shares were sold at an average price of $3.51, for a total value of $5,265,000.00.
- On Monday, April 20th, Marcos Marcelo Mindlin sold 1,250,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.43, for a total transaction of $4,287,500.00.
- On Thursday, April 16th, Marcos Marcelo Mindlin sold 1,675,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.54, for a total transaction of $5,929,500.00.
Pampa Energia Stock Down 2.9%
Shares of NYSE PAM opened at $80.03 on Thursday. The company has a market capitalization of $4.35 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 3.27 and a beta of 0.97. Pampa Energia S.A. has a 52-week low of $54.95 and a 52-week high of $94.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.78 and a current ratio of 2.04. The company’s 50 day moving average price is $83.27 and its 200-day moving average price is $84.59.
Analysts Set New Price Targets
PAM has been the subject of a number of recent analyst reports. Zacks Research upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. HSBC upgraded Pampa Energia from a “hold” rating to a “buy” rating and increased their price target for the stock from $88.00 to $97.00 in a report on Thursday, March 12th. Wall Street Zen upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Pampa Energia in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Pampa Energia has a consensus rating of “Buy” and an average target price of $105.00.
Read Our Latest Analysis on PAM
Institutional Trading of Pampa Energia
Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Pampa Energia in the 2nd quarter valued at about $37,000. NFJ Investment Group LLC acquired a new position in Pampa Energia during the 4th quarter valued at about $104,000. Van ECK Associates Corp acquired a new position in Pampa Energia during the 3rd quarter valued at about $139,000. Arete Wealth Advisors LLC acquired a new position in Pampa Energia during the 4th quarter valued at about $212,000. Finally, DGS Capital Management LLC acquired a new position in Pampa Energia during the 4th quarter valued at about $234,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.
Pampa Energia Company Profile
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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