Advisors Preferred LLC Invests $26,000 in Pampa Energía S.A. (NYSE:PAM)

Advisors Preferred LLC purchased a new position in Pampa Energía S.A. (NYSE:PAM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 282 shares of the utilities provider’s stock, valued at approximately $26,000.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 253 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Pampa Energía during the 4th quarter valued at about $49,000. GAMMA Investing LLC increased its position in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after buying an additional 345 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Pampa Energía by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after buying an additional 526 shares in the last quarter. Finally, PFG Investments LLC acquired a new position in Pampa Energía during the 4th quarter valued at about $226,000. 12.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on PAM shares. Citigroup lowered Pampa Energía from a “buy” rating to a “neutral” rating and upped their target price for the company from $58.00 to $75.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a report on Friday, January 10th. Finally, StockNews.com raised Pampa Energía from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.63.

Pampa Energía Stock Down 6.4 %

Shares of PAM stock opened at $80.69 on Friday. The stock’s 50-day simple moving average is $88.25 and its 200-day simple moving average is $70.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The firm has a market capitalization of $4.40 billion, a PE ratio of 12.41 and a beta of 0.92. Pampa Energía S.A. has a fifty-two week low of $38.15 and a fifty-two week high of $97.55.

Pampa Energía (NYSE:PAM) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The firm had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same period last year, the company earned $2.80 earnings per share. Equities analysts expect that Pampa Energía S.A. will post 8.96 earnings per share for the current year.

About Pampa Energía

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.