Headlines about Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pattern Energy Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.4242245105367 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern’s rankings:
- 3 Stocks I’m Buying After the Market Sell-Off (finance.yahoo.com)
- National Bank Financial Weighs in on Pattern Energy Group Inc’s FY2017 Earnings (PEGI) (americanbankingnews.com)
- Pattern Energy Group Inc to Post FY2018 Earnings of $0.18 Per Share, National Bank Financial Forecasts (PEGI) (americanbankingnews.com)
- PEGI’s Strong Dividend History Helps Get It To The Top 10 (nasdaq.com)
- Pattern Energy Group Inc. (PEGI) Optimistic EPS Growth Performer For This Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of analysts have issued reports on the company. Zacks Investment Research raised Pattern Energy Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. National Bank Financial cut their target price on Pattern Energy Group from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. BidaskClub downgraded Pattern Energy Group from a “sell” rating to a “strong sell” rating in a research note on Friday, February 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 target price on shares of Pattern Energy Group in a research note on Tuesday, February 6th. Finally, Bank of America cut their target price on Pattern Energy Group from $21.00 to $19.00 and set an “underperform” rating for the company in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Pattern Energy Group currently has an average rating of “Hold” and an average target price of $24.79.
Shares of Pattern Energy Group (PEGI) opened at $19.28 on Monday. 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 stock has a market capitalization of $1,890.00, a PE ratio of 482.00, a P/E/G ratio of 3.29 and a beta of 0.88. Pattern Energy Group has a 52-week low of $18.15 and a 52-week high of $26.56.
In related news, insider Esben W. Pedersen sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.59, for a total transaction of $51,816.00. Following the completion of the sale, the insider now directly owns 134,528 shares of the company’s stock, valued at approximately $2,904,459.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 7,200 shares of company stock valued at $155,112 over the last three months. Corporate insiders own 1.60% of the company’s stock.
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About Pattern Energy Group
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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