PFG Investments LLC Takes $297,000 Position in Pampa Energia S.A. $PAM

Key Points

• PFG Investments LLC has acquired a new position in Pampa Energia S.A. by purchasing 4,275 shares valued at approximately $297,000.
• The company reported earnings per share of $0.70 for the last quarter, significantly below the consensus estimate of $2.35, and had revenues of $486 million versus an expected $632 million.
• Pampa Energia's current stock has an average rating of "Hold" from analysts, with a consensus price target of $92.75.

PFG Investments LLC purchased a new position in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,275 shares of the utilities provider's stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC boosted its holdings in Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new position in Pampa Energia during the first quarter worth about $186,000. Banco Santander S.A. purchased a new position in Pampa Energia during the first quarter worth about $221,000. Deltec Asset Management LLC purchased a new position in Pampa Energia during the first quarter worth about $232,000. Finally, Shilanski & Associates Inc. purchased a new position in Pampa Energia during the first quarter worth about $328,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

Pampa Energia Stock Performance

NYSE PAM opened at $60.87 on Monday. The company's 50 day moving average is $67.76 and its 200-day moving average is $72.18. Pampa Energia S.A. has a 12-month low of $54.95 and a 12-month high of $97.55. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3.32 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 5.66 and a beta of 1.10.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.35 by ($1.65). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The business had revenue of $486.00 million during the quarter, compared to the consensus estimate of $632.05 million. Sell-side analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on PAM shares. Weiss Ratings restated a "hold (c-)" rating on shares of Pampa Energia in a report on Saturday, September 27th. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Finally, Wall Street Zen cut shares of Pampa Energia from a "hold" rating to a "sell" rating in a research note on Friday, September 26th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Pampa Energia presently has an average rating of "Hold" and a consensus price target of $92.75.

Pampa Energia Profile

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.

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