Pampa Energia S.A. (NYSE:PAM – Get Free Report) insider Damian Miguel Mindlin sold 555,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.55, for a total value of $1,970,250.00. Following the sale, the insider directly owned 12,541,870 shares in the company, valued at $44,523,638.50. This trade represents a 4.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Damian Miguel Mindlin also recently made the following trade(s):
- On Thursday, April 9th, Damian Miguel Mindlin sold 57,500 shares of Pampa Energia stock. The stock was sold at an average price of $3.47, for a total value of $199,525.00.
- On Tuesday, March 31st, Damian Miguel Mindlin sold 500,000 shares of Pampa Energia stock. The stock was sold at an average price of $3.57, for a total value of $1,785,000.00.
- On Friday, March 20th, Damian Miguel Mindlin sold 477 shares of Pampa Energia stock. The stock was 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 stock was 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 Down 0.3%
Shares of Pampa Energia stock opened at $81.71 on Monday. The stock’s fifty day moving average is $83.49 and its 200-day moving average is $84.40. The firm has a market capitalization of $4.44 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 2.89 and a beta of 0.96. The company has a quick ratio of 1.78, a current ratio of 2.04 and a debt-to-equity ratio of 0.49. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $94.50.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Zacks Research lowered Pampa Energia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. HSBC raised Pampa Energia from a “hold” rating to a “buy” rating and upped their price target for the company from $88.00 to $97.00 in a research report on Thursday, March 12th. Wall Street Zen raised Pampa Energia from a “hold” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, JPMorgan Chase & Co. upped their price target on Pampa Energia from $97.50 to $101.50 and gave the company a “neutral” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.83.
Check Out Our Latest Research Report on Pampa Energia
Hedge Funds Weigh In On Pampa Energia
Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Pampa Energia in the 2nd quarter worth $37,000. NFJ Investment Group LLC bought a new position in shares of Pampa Energia in the fourth quarter worth about $104,000. Van ECK Associates Corp acquired a new position in shares of Pampa Energia during the 3rd quarter worth about $139,000. Arete Wealth Advisors LLC acquired a new position in shares of Pampa Energia during the 4th quarter worth about $212,000. Finally, DGS Capital Management LLC bought a new stake in Pampa Energia during the 4th quarter valued at approximately $234,000. Institutional investors own 12.77% of the company’s stock.
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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