Pampa Energía (PAM) Director Mindlin Buys $35M of Stock

Marcos Marcelo Mindlin, a director at Pampa Energía S.A. (NYSE: PAM), bought 435,000 shares of the company on October 15, 2026. The shares were purchased at $80.78 each, totaling about $35.1 million. The stock closed at $80.48 on that day.

Inside Marcos Marcelo Mindlin's Trade

Mindlin's recent purchase adds to his holdings in Pampa Energía, which is an integrated power company in Argentina. This specific buy reflects his ongoing confidence in the company’s potential. With this trade, Mindlin now owns a total of 739,178 shares, increasing his stake in the firm.

Other Institutional Activity in Pampa Energía

Several other institutional investors have also been active in Pampa Energía. SPX Gestao de Recursos Ltda grew its holdings by 383,992 shares, bringing its total to 547,637 shares worth about $44.5 million. Mirae Asset Global ETFs Holdings Ltd. added 1,056 shares, ending with 441,152 shares valued at approximately $35.8 million. Meanwhile, Ping Capital Management, Inc. increased its stake by 17,886 shares, totaling 385,900 shares worth about $31.3 million.

Pampa Energía S.A. Stock Up 0.3%

As of October 16, 2026, Pampa Energía shares are trading around $80.75, which is slightly above the closing price of $80.48 from the day of Mindlin's purchase. The stock is currently below its 50-day moving average of $81.32 and its 200-day moving average of $82.89, indicating some challenges in upward momentum. It is also 14.6% below its 52-week high of $94.50.

Recent Earnings

Pampa Energía reported trailing twelve-month revenue of approximately $2.42 billion, reflecting a year-over-year growth of 53.5%. The company's net margin stands at 23.6%, and it has a return on equity of 15.3%. The next earnings report is scheduled for November 2, 2026.

Insider Buying and Selling at Pampa Energía S.A.

Earlier this year, Mindlin made several significant purchases. On June 24, 2026, he bought 739,178 shares at $3.36 each for about $2.48 million. The following day, he acquired 383,600 shares at $3.37 each for approximately $1.29 million. On June 26, he further increased his stake with another purchase of 287,916 shares at $3.37 each, totaling around $970,276.

Analysts Set New Price Targets

On September 1, 2026, JP Morgan maintained a Neutral rating on Pampa Energía with a price target of $105. This target is up from a previous estimate of $101.5. The consensus among analysts is currently a buy rating with a mean price target of about $121.09.

About Pampa Energía

Pampa Energía S.A. operates as an integrated power company in Argentina, generating electricity through various sources including thermal plants, hydroelectric plants, and wind farms. It also explores for and produces oil and gas, making it a key player in the country's energy sector.

Bottom Line

Investors will be watching Pampa Energía closely, especially with the next earnings report coming up on November 2, 2026. Mindlin's significant purchases suggest he remains optimistic about the company's future performance, and analysts continue to see potential for growth in the stock.