Goldman Sachs Group Inc. Sells 10,806 Shares of Pampa Energia S.A. $PAM

Key Points

• Goldman Sachs Group Inc. reduced its stake in Pampa Energia by 59.8%, selling 10,806 shares and leaving them with 7,268 shares valued at approximately $561,000.
• Pampa Energia reported earnings of $0.70 per share, significantly missing analysts' expectations of $2.35, alongside a quarterly revenue of $486 million compared to the forecast of $632.05 million.
• Despite recent challenges, several research firms, including Zacks and Wall Street Zen, upgraded Pampa Energia's rating from "sell" to "hold," with an average target price of $92.75.

Goldman Sachs Group Inc. lessened its position in shares of Pampa Energia S.A. (NYSE:PAM - Free Report) by 59.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,268 shares of the utilities provider's stock after selling 10,806 shares during the period. Goldman Sachs Group Inc.'s holdings in Pampa Energia were worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PAM. Advisors Preferred LLC raised its stake 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 buying an additional 448 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in Pampa Energia during the first quarter worth $186,000. Banco Santander S.A. bought a new position in Pampa Energia during the first quarter worth $221,000. Deltec Asset Management LLC bought a new position in Pampa Energia during the first quarter worth $232,000. Finally, Ameriprise Financial Inc. acquired a new stake in Pampa Energia in the fourth quarter worth $236,000. Institutional investors own 12.77% of the company's stock.

Pampa Energia Stock Down 3.6%

PAM opened at $63.77 on Friday. 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 stock has a market cap of $3.61 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 6.01 and a beta of 1.16. Pampa Energia S.A. has a twelve month low of $54.95 and a twelve month high of $97.55. The company's 50-day moving average price is $69.15 and its two-hundred day moving average price is $73.06.

Pampa Energia (NYSE:PAM - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The company had revenue of $486.00 million during the quarter, compared to analysts' expectations of $632.05 million. As a group, equities analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PAM. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Wall Street Zen upgraded shares of Pampa Energia from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $92.75.

About Pampa Energia

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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