PAM
Neutral signalScored 2026-10-20 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
Research, not advice.
À propos
Pampa Energía S.A.
- Nom
- Pampa Energía S.A.
- Secteur
- Utilities
- Industrie
- Regulated Electric
- Bourse
- NYSE
- Capitalisation
- $4.3B
- Employés
- 11,598
- PDG
- Gustavo Mariani
- Site web
- https://www.pampa.com
- Marché
- ALEAVACPKEEKENMGEE
Pampa Energía SA engages in the generation, transmission, and distribution of electricity. It operates through the following segments: Electricity Generation, Distribution of Energy, Oil and Gas, Petrochemicals, and Holding and Others. The Electricity Generation segment includes electricity generation activities through the operation of hydro and thermal power plants as well as wind farms. The Distribution of Energy segment consists of direct interest in Empresa Distribuidora y Comercializadora Norte SA. The Oil and Gas segment develops upstream, midstream, and downstream activities that produce barrels of oil. The Petrochemicals segment comprises styrenics operations and catalytic reformer plant operations conducted in Argentine plants. The Holding and Others segment covers financial investment transactions, holding activities, concession over the high voltage electricity transmission, and over gas transportation. The company was founded on February 21, 1945 and is headquartered in Buenos Aires, Argentina.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
ACHAT TOTAL: 675000 titres (~4183800 USD)
- Insiders
- Mariani GustavoMindlin Marcos Marcelo
- Total bought
-
$4,183,800
Avg buy (VWAP, 90d window) $15.20 vs last close $76.62 (+404.2%)
- Total sold
-
—
Avg sell (VWAP, 90d window) —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- 2026-09-25
- Liquidity
- Thin $11,662,346/day · 20d vol
- Last synced
-
2026-10-26 21:10:49
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-10-15 | Mindlin Marcos Marcelo | Buy · P | 435,000 | $80.78 | $35,139,300 | Form 4 |
| 2026-09-28 | Mindlin Damian Miguel | Buy · P | 15,000 | $77.63 | $1,164,420 | Form 4 |
| 2026-09-25 | Mariani Gustavo | Buy · P | 25,000 | $78.26 | $1,956,500 | Form 4 |
| 2026-08-31 | Mindlin Marcos Marcelo | Buy · P | 500,000 | $3.44 | $1,720,000 | Form 4 |
| 2026-08-27 | Mindlin Marcos Marcelo | Buy · P | 150,000 | $3.38 | $507,300 | Form 4 |
| 2026-08-21 | Mindlin Marcos Marcelo | Buy · P | 675,000 | $3.38 | $2,278,800 | Form 4 |
| 2026-08-19 | Mindlin Marcos Marcelo | Buy · P | 902,975 | $3.34 | $3,015,034 | Form 4 |
| 2026-08-18 | Mindlin Marcos Marcelo | Buy · P | 396,950 | $3.35 | $1,327,798 | Form 4 |
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Signal
Neutral signalScored 2026-10-20 Drivers: trend, fundamentals. Moteurs : tendance, fondamentaux.
PAM presents a compelling event-driven signal with a high-conviction insider cluster buy (675k shares, zero sells) by founder Marcos Mindlin, strongly aligned with positive Argentine macro sentiment and cheap valuation…
The first sentence of the analysis written for PAM on 2026-10-20 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Supports a bullish reading. Open-market purchases outweigh sales
- Narrative Supports a bullish reading. Stored narrative reading is in the bullish band
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Timing Pulls against a bullish reading. Close is more than 0.5 ATR under stored support
- Financial indicators Supports a bullish reading. Current ratio 3.11 · operating margin 17%
Suggested stop 73.15, nearest stored support minus 0.5 ATR(4.5% under the last close). Reward/risk to the next stored resistance is 3.05. Research, not advice. Not an order.
Recent news
- 2026-10-18 Pampa Energia (NYSE:PAM) Stock: Insider Marcos Marcelo Mindlin Buys 435,000 Shares Pampa Energia S.A. (NYSE: PAM - Get Free Report) Director Marcos Mindlin purchased 435,000 shares of Pampa Energia stock in a transaction dated Thursday, October 15th. The shares were purchased at an average cost of $80.78 per share, for a total transaction of $35,139,300.00. Following the completion of the transaction, the director owned 7,191,339 shares of
- 2026-10-10 Pampa Energia: One Of The Greatest Argentine Bargains Pampa Energia is a compelling buy, benefiting from Argentina''s economic turnaround and an exceptionally cheap valuation. PAM''s diversified energy operations, regulatory tailwinds, and strong market share position it for robust revenue and margin growth. Development of the Rincon de Aranda shale field could drive 20% annual oil production growth through 2027, serving as a key catalyst.
- 2026-09-18 Pampa Energia S.A. $PAM Shares Bought by Engineers Gate Manager LP Engineers Gate Manager LP grew its holdings in shares of Pampa Energia S.A. (NYSE: PAM) by 189.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,855 shares of the utilities provider''s stock after purchasing an additional 10,382 shares during
- 2026-09-07 Pampa Energía Founder Marcos Mindlin Buys 150,000 Shares for $507,000. Is This a Signal for Investors to Also Buy? ~150,000 shares were acquired at $3.38 per share for a total transaction value of $507,000. The acquisition represents a transaction size equal to 0.68% of the equity stake held before the filing.
- 2026-09-04 Pampa Energía Founder and Chairman Marcos Mindlin Buys 1.3 Million Shares. What Does This Mean for Investors in 2026? The director acquired ~1.3 million shares for a total transaction value of $4.3 million. This purchase increased the insider''s direct equity holdings by 6%.
- 2026-08-25 Pampa Energía Founder Marcos Mindlin Buys 675,000 Shares for $2.3 Million. What Does This Mean for Investors? Mindlin purchased ~675,000 shares at $3.38 per share, representing a total capital commitment of ~$2.3 million. The transaction size is equal to 3% of the equity held before the filing.
- 2026-08-11 Pampa Energia: Rincon De Aranda And Fertilizers Add New Legs To The Bull Case Pampa Energia''s Q2 results reinforced the long-term bullish thesis, with adjusted EBITDA up 75% Y/Y to $415M as Rincón de Aranda and power generation drove performance. Rincón de Aranda is scaling rapidly, while its RIGI approval and the $2.7B Fértil Pampa urea project add two major long-term catalysts. Despite rising capex and net debt, PAM retains manageable leverage; its diversified exposure to oil, gas, power, transport, and fertilizers differentiates it from pure-play peers.
- 2026-08-08 Pampa Energia Q2 Earnings Call Highlights Pampa Energia NYSE: PAM said its board approved the final investment decision for what it described as Latin America''s largest urea plant, while the company reported second-quarter adjusted EBITDA of $415 million, supported by record oil and gas output, stronger power-market margins and improved petrochemical pricing.
- 2026-08-05 Pampa Energía S.A. (PAM) Q2 2026 Earnings Call Transcript Pampa Energía S.A. (PAM) Q2 2026 Earnings Call Transcript
- 2026-08-04 Pampa Energía announces six-month period and second quarter 2026 results BUENOS AIRES, Argentina, Aug. 4, 2026 /PRNewswire/ -- Pampa Energía S.A. (NYSE: PAM; Buenos Aires Stock Exchange: PAMP), an independent energy company with active participation in Argentine oil, gas and electricity, announces the results for the semester and quarter ended on June 30, 2026.
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 31.5% | 31.8% | 36.1% | 37.7% | 36.9% | |
| Ebit Margin | 38.6% | 36.1% | 56.5% | 43.6% | 37.7% | |
| Ebitda Margin | 59.3% | 54.4% | 71.9% | 55.2% | 51.3% | |
| Operating Profit Margin | 16.6% | 23.5% | 24.5% | 34.5% | 38.4% | |
| Pretax Profit Margin | 29.1% | 26.5% | 36.0% | 31.8% | 25.9% | |
| Continuous Operations Profit Margin | 18.9% | 33.0% | 17.6% | 25.0% | 20.8% | |
| Net Profit Margin | 18.9% | 33.0% | 17.4% | 24.9% | 18.1% | |
| Bottom Line Profit Margin | 18.9% | 33.0% | 17.4% | 24.9% | 18.1% | |
| Current Ratio | 3.112 | 1.827 | 2.564 | 2.128 | 3.289 | |
| Quick Ratio | 2.751 | 1.661 | 2.179 | 1.867 | 2.860 | |
| Solvency Ratio | 0.264 | 0.315 | 0.246 | 0.272 | 0.231 | |
| Cash Ratio | 1.135 | 0.567 | 0.328 | 0.168 | 0.322 | |
| Price To Earnings Ratio | 12.208 | 7.759 | 23.099 | 3.557 | 3.665 | |
| Price To Earnings Growth Ratio | -0.339 | 0.018 | -0.303 | 0.064 | -0.018 | |
| Forward Price To Earnings Growth Ratio | -0.339 | 0.018 | -0.303 | 0.064 | -0.018 | |
| Price To Earnings Diluted Ratio | 12.208 | 7.759 | 23.099 | 3.557 | 3.665 | |
| Price To Earnings Diluted Growth Ratio | -0.339 | 0.018 | -0.303 | 0.064 | -0.018 | |
| Price To Book Ratio | 1.336 | 1.456 | 1.126 | 0.775 | 0.665 | |
| Price To Sales Ratio | 2.410 | 2.550 | 1.562 | 0.965 | 0.787 | |
| Price To Free Cash Flow Ratio | -17.004 | -398.661 | -14.786 | 10.258 | 2.736 | |
| Price To Operating Cash Flow Ratio | 7.033 | 10.998 | 4.706 | 2.850 | 1.858 | |
| Debt To Assets Ratio | 0.292 | 0.330 | 0.310 | 0.343 | 0.376 | |
| Debt To Equity Ratio | 0.536 | 0.637 | 0.610 | 0.714 | 0.813 | |
| Debt To Capital Ratio | 0.349 | 0.389 | 0.379 | 0.416 | 0.448 | |
| Long Term Debt To Capital Ratio | 0.339 | 0.295 | 0.337 | 0.370 | 0.432 | |
| Financial Leverage Ratio | 1.834 | 1.931 | 1.964 | 2.083 | 2.163 | |
| Working Capital Turnover Ratio | 1.645 | 1.983 | 2.269 | 2.447 | 2.350 | |
| Operating Cash Flow Ratio | 1.069 | 0.334 | 1.104 | 0.981 | 1.867 | |
| Operating Cash Flow Sales Ratio | 0.343 | 0.232 | 0.332 | 0.338 | 0.423 | |
| Free Cash Flow Operating Cash Flow Ratio | -0.414 | -0.028 | -0.318 | 0.278 | 0.679 | |
| Debt Service Coverage Ratio | 3.792 | 1.288 | 1.600 | 1.810 | 2.708 | |
| Interest Coverage Ratio | 1.757 | 2.444 | 1.191 | 2.921 | 3.253 | |
| Short Term Operating Cash Flow Coverage Ratio | 9.819 | 0.616 | 2.567 | 2.267 | 8.083 | |
| Operating Cash Flow Coverage Ratio | 0.354 | 0.208 | 0.392 | 0.381 | 0.440 | |
| Capital Expenditure Coverage Ratio | 0.707 | 0.973 | 0.759 | 1.385 | 3.117 | |
| Dividend Paid And Capex Coverage Ratio | 0.707 | 0.973 | 0.758 | 1.385 | 3.117 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.003 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 5.082 | 6.020 | 3.211 | 3.254 | 3.270 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 31.5% | ▼-0.3% | ▼-3.3% |
| Ebit Margin | 38.6% | ▲2.5% | ▼-3.9% |
| Ebitda Margin | 59.3% | ▲4.9% | ▲0.9% |
| Operating Profit Margin | 16.6% | ▼-6.8% | ▼-10.9% |
| Pretax Profit Margin | 29.1% | ▲2.6% | ▼-0.7% |
| Continuous Operations Profit Margin | 18.9% | ▼-14.1% | ▼-4.1% |
| Net Profit Margin | 18.9% | ▼-14.1% | ▼-3.6% |
| Bottom Line Profit Margin | 18.9% | ▼-14.1% | ▼-3.6% |
| Current Ratio | 3.112 | ▲1.285 | ▲0.528 |
| Quick Ratio | 2.751 | ▲1.091 | ▲0.488 |
| Solvency Ratio | 0.264 | ▼-0.051 | ▼-0.002 |
| Cash Ratio | 1.135 | ▲0.568 | ▲0.631 |
| Price To Earnings Ratio | 12.208 | ▲4.449 | ▲2.151 |
| Price To Earnings Growth Ratio | -0.339 | ▼-0.357 | ▼-0.223 |
| Forward Price To Earnings Growth Ratio | -0.339 | ▼-0.357 | ▼-0.223 |
| Price To Earnings Diluted Ratio | 12.208 | ▲4.449 | ▲2.151 |
| Price To Earnings Diluted Growth Ratio | -0.339 | ▼-0.357 | ▼-0.223 |
| Price To Book Ratio | 1.336 | ▼-0.120 | ▲0.264 |
| Price To Sales Ratio | 2.410 | ▼-0.140 | ▲0.755 |
| Price To Free Cash Flow Ratio | -17.004 | ▲381.657 | ▲66.487 |
| Price To Operating Cash Flow Ratio | 7.033 | ▼-3.965 | ▲1.544 |
| Debt To Assets Ratio | 0.292 | ▼-0.038 | ▼-0.038 |
| Debt To Equity Ratio | 0.536 | ▼-0.101 | ▼-0.126 |
| Debt To Capital Ratio | 0.349 | ▼-0.040 | ▼-0.047 |
| Long Term Debt To Capital Ratio | 0.339 | ▲0.044 | ▼-0.016 |
| Financial Leverage Ratio | 1.834 | ▼-0.097 | ▼-0.161 |
| Working Capital Turnover Ratio | 1.645 | ▼-0.338 | ▼-0.494 |
| Operating Cash Flow Ratio | 1.069 | ▲0.735 | ▼-0.002 |
| Operating Cash Flow Sales Ratio | 0.343 | ▲0.111 | ▲0.009 |
| Free Cash Flow Operating Cash Flow Ratio | -0.414 | ▼-0.386 | ▼-0.453 |
| Debt Service Coverage Ratio | 3.792 | ▲2.504 | ▲1.552 |
| Interest Coverage Ratio | 1.757 | ▼-0.688 | ▼-0.557 |
| Short Term Operating Cash Flow Coverage Ratio | 9.819 | ▲9.203 | ▲5.149 |
| Operating Cash Flow Coverage Ratio | 0.354 | ▲0.146 | ▼-0.001 |
| Capital Expenditure Coverage Ratio | 0.707 | ▼-0.266 | ▼-0.681 |
| Dividend Paid And Capex Coverage Ratio | 0.707 | ▼-0.266 | ▼-0.680 |
| Dividend Payout Ratio | 0.000 | 0.000 | ▼-0.001 |
| Enterprise Value Multiple | 5.082 | ▼-0.938 | ▲0.915 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $4.81B | $4.78B | $2.71B | $1.76B | $1.19B | |
| Enterprise value | $6.02B | $6.14B | $4.00B | $3.28B | $2.53B | |
| EV / Sales | 3.01x | 3.27x | 2.31x | 1.79x | 1.68x | |
| EV / Op. cash flow | 8.80x | 14.12x | 6.96x | 5.30x | 3.96x | |
| EV / Free cash flow | -21.27x | -511.66x | -21.86x | 19.09x | 5.83x | |
| EV / EBITDA | 5.08x | 6.02x | 3.21x | 3.25x | 3.27x | |
| Net debt / EBITDA | 1.02x | 1.33x | 1.04x | 1.50x | 1.74x | |
| Current ratio | 3.11x | 1.83x | 2.56x | 2.13x | 3.29x | |
| Income quality | 1.72x | 0.70x | 1.89x | 1.35x | 1.97x | |
| Graham number | $4 | $5 | $3 | $4 | $2 | |
| Graham net-net | -$25 | -$19 | -$22 | -$25 | -$21 | |
| Tax burden | 64.8% | 124.3% | 48.5% | 78.5% | 70.0% | |
| Interest burden | 75.5% | 73.5% | 63.6% | 72.9% | 68.7% | |
| Working capital | $1.35B | $1.08B | $815.0M | $712.0M | $783.0M | |
| Invested capital | $4.79B | $3.79B | $3.48B | $3.02B | $2.49B | |
| Return on assets | 5.7% | 9.8% | 6.4% | 9.6% | 7.1% | |
| Operating ROA | 5.1% | 8.0% | 9.0% | 14.7% | 13.2% | |
| Return on tangible assets | 5.8% | 9.9% | 6.5% | 9.9% | 7.1% | |
| Return on equity | 10.5% | 18.8% | 12.6% | 20.0% | 15.3% | |
| Return on invested capital | 3.6% | 7.6% | 4.7% | 11.3% | 12.9% | |
| Return on capital employed | 5.6% | 8.7% | 10.1% | 15.3% | 16.5% | |
| Earnings yield | 7.8% | 12.9% | 11.2% | 25.8% | 23.0% | |
| Free cash flow yield | -5.9% | -0.3% | -6.8% | 9.7% | 36.6% | |
| Capex / Op. cash flow | 141.4% | 102.8% | 131.8% | 72.2% | 32.1% | |
| Capex / Depreciation | 233.8% | 130.7% | 283.9% | 210.8% | 100.0% | |
| Capex / Sales | 48.4% | 23.8% | 43.8% | 24.4% | 13.6% | |
| SG&A / Sales | 12.3% | 14.7% | 13.0% | 10.0% | 7.9% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Stock comp / Sales | 0.0% | 0.0% | 0.0% | -2.0% | 0.0% | |
| Intangibles / Total assets | 1.4% | 1.5% | 2.0% | 2.9% | 1.0% | |
| Days sales outstanding | 109d | 69d | 56d | 87d | 86d | |
| Days payables outstanding | 91d | 66d | 69d | 90d | 65d | |
| Operating cycle | 171d | 131d | 122d | 140d | 143d | |
| Cash conversion cycle | 79d | 64d | 53d | 50d | 78d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years