Pattern Energy Group (PEGI) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News articles about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pattern Energy Group earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.3179232063209 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Pattern Energy Group Inc. (NASDAQ:PEGI) – Clue to Identify In Play Stocks (Relative Volume) – Nasdaq Journal (press release) (nasdaqjournal.com)
- Zacks: Analysts Expect Pattern Energy Group Inc (PEGI) Will Announce Quarterly Sales of $132.26 Million (americanbankingnews.com)
- Pattern Energy Group (NASDAQ:PEGI) Earning Somewhat Favorable Press Coverage, Report Shows (nismagazine.com)
- Glowing Stock’s Review – Pattern Energy Group Inc. (NASDAQ: PEGI) – The Investor Guide (wallstreetnews24.com)
- Pattern Energy’s Headwinds Could Blow Over, Goldman Sachs Upgrades (finance.yahoo.com)
Pattern Energy Group (NASDAQ PEGI) opened at $21.41 on Friday. Pattern Energy Group has a twelve month low of $18.68 and a twelve month high of $26.56. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $2,088.33, a P/E ratio of 2,133.00, a price-to-earnings-growth ratio of 9.48 and a beta of 0.99.
A number of research analysts have commented on PEGI shares. Bank of America reaffirmed an “underperform” rating and set a $21.00 price target on shares of Pattern Energy Group in a research report on Tuesday, October 24th. Zacks Investment Research raised Pattern Energy Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Friday, August 25th. BMO Capital Markets reiterated a “buy” rating and set a $28.50 target price on shares of Pattern Energy Group in a report on Friday, September 8th. Raymond James Financial reduced their target price on Pattern Energy Group from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Finally, Wells Fargo & Company reduced their target price on Pattern Energy Group from $27.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Pattern Energy Group has a consensus rating of “Buy” and a consensus price target of $25.65.
In related news, insider Esben W. Pedersen sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $23.01, for a total value of $55,224.00. Following the sale, the insider now owns 143,411 shares in the company, valued at approximately $3,299,887.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 8,200 shares of company stock worth $190,477 in the last 90 days. 1.60% of the stock is currently owned by company insiders.
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Pattern Energy Group Company Profile
Pattern Energy Group Inc is an independent power company focused on owning and operating power projects. The Company holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts (MW). Each of its projects has contracted to sell its output pursuant to a power sale agreement.
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