Q3 2016 Earnings Forecast for Pattern Energy Group Inc (PEG) Issued By National Bank Financial
Pattern Energy Group Inc (TSE:PEG) – Equities research analysts at National Bank Financial raised their Q3 2016 earnings per share estimates for shares of Pattern Energy Group in a research note issued on Wednesday. National Bank Financial analyst R. Merer now forecasts that the firm will post earnings per share of ($0.13) for the quarter, up from their prior forecast of ($0.14). National Bank Financial also issued estimates for Pattern Energy Group’s Q4 2016 earnings at $0.19 EPS, FY2016 earnings at ($0.40) EPS and FY2017 earnings at $0.56 EPS.
Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Pattern Energy Group in a report on Friday, September 23rd.
Pattern Energy Group (TSE:PEG) opened at 29.39 on Monday. The stock’s 50 day moving average price is $30.26 and its 200-day moving average price is $28.94. The stock’s market cap is $2.24 billion. Pattern Energy Group has a 12 month low of $20.50 and a 12 month high of $33.00.
Pattern Energy Group Company Profile
Pattern Energy Group Inc (Pattern Energy) is an independent power company focused on owning and operating power projects. The Company holds interests in over 16 wind power projects located in the United States, Canada and Chile with total capacity of over 2,280 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.
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