Oaktree Capital Management LP Sells 72,681 Shares of Pampa Energía S.A. (NYSE:PAM)

Oaktree Capital Management LP decreased its holdings in shares of Pampa Energía S.A. (NYSE:PAM) by 35.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 131,086 shares of the utilities provider’s stock after selling 72,681 shares during the period. Oaktree Capital Management LP owned approximately 0.24% of Pampa Energía worth $11,528,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capstone Investment Advisors LLC bought a new stake in Pampa Energía in the third quarter valued at about $252,000. Verition Fund Management LLC bought a new stake in shares of Pampa Energía in the 3rd quarter valued at about $597,000. Centiva Capital LP acquired a new stake in shares of Pampa Energía in the 3rd quarter valued at approximately $309,000. Point72 Asset Management L.P. bought a new position in Pampa Energía during the 3rd quarter worth approximately $2,738,000. Finally, Quadrature Capital Ltd acquired a new position in Pampa Energía during the third quarter valued at approximately $338,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Price Performance

Shares of PAM opened at $79.41 on Friday. The stock has a 50 day simple moving average of $81.15 and a 200 day simple moving average of $77.78. Pampa Energía S.A. has a 52-week low of $38.58 and a 52-week high of $97.55. 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 $4.33 billion, a PE ratio of 12.22 and a beta of 0.92.

Pampa Energía (NYSE:PAM) last released its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The company had revenue of $435.00 million during the quarter, compared to analysts’ expectations of $454.61 million. Sell-side analysts predict that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Pampa Energía 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.