Pattern Energy Group (PEGI) to Release Earnings on Tuesday

Pattern Energy Group (NASDAQ:PEGI) (TSE:PEG) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, February 27th. Analysts expect Pattern Energy Group to post earnings of ($0.01) per share for the quarter.

Shares of Pattern Energy Group (PEGI) opened at $19.28 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $1,890.00, a price-to-earnings ratio of 482.00, a PEG 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 other Pattern Energy Group news, insider Esben W. Pedersen sold 2,400 shares of Pattern Energy Group 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 owns 134,528 shares of the company’s stock, valued at approximately $2,904,459.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 7,200 shares of company stock valued at $155,112. 1.60% of the stock is currently owned by insiders.

A number of analysts have recently weighed in on the company. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Pattern Energy Group in a research report on Tuesday, October 24th. BidaskClub cut Pattern Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Zacks Investment Research cut Pattern Energy Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Morgan Stanley cut Pattern Energy Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $33.00 to $25.00 in a research report on Tuesday, December 12th. Finally, BMO Capital Markets lowered their price objective on Pattern Energy Group from $28.50 to $28.00 and set an “outperform” rating for the company in a research report 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 company’s stock. Pattern Energy Group currently has a consensus rating of “Hold” and an average price target of $24.79.

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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.

Earnings History for Pattern Energy Group (NASDAQ:PEGI)

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