In the past 52-week period, shares of Pattern Energy Group Inc. (NASDAQ:PEGI) have moved within the range of $18.68 to $26.56. On the stock’s most recent trading day, the company’s shares ended the regular session at $23.04, which is 13.25% lower than its 52-week high.
Pattern Energy Group Inc. (PEGI) has demonstrated a 20-day simple moving average (SMA) of -4.00%, and a 50-day SMA of -7.15%. This public company’s current market capitalization stands at $2.01 billion.
Analyzing Consensus Estimates, Sales Revenue and Net Income
Gauging the level of enthusiasm that Wall Street analysts have for a particular stock is important when considering an investment. According to the latest data, the consensus recommendation for Pattern Energy Group Inc. (PEGI) is Outperform.
When it comes to reporting sales figures, public companies typically post earnings and revenue that fall above or below the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Jun. 2017, Pattern Energy Group Inc. (PEGI) delivered a 13.11% surprise with its net revenue. Sales reached $0.11 billion during the three-month period, compared to the average analyst estimate of $0.12 billion.
Meanwhile, during the same quarter Pattern Energy Group Inc. (PEGI) delivered a 14.30% earnings surprise. Net earnings for the quarter were posted at $0.16 per share, whereas Wall Street had forecast $0.19 per share.
Ownership at Pattern Energy Group Inc. (PEGI), According to Most Recent SEC Filings
A publicly-traded company’s most recent 13F filings give us important details about the organization’s institutional ownership. Pattern Energy Group Inc. (PEGI) has 0.1 billion shares outstanding currently, 86.09% of which belong to institutional investors. Those institutional holdings amount to $1.92 billion.
Additionally, according to the most recent 13F filing from Pattern Energy Group Inc. (PEGI), there were 35 new positions totaling 1,639,378 shares of the company’s stock. There were 16 sold out positions, on the other hand, totaling 1,804,017 shares.
Short, Medium and Long Term Indicators
Taking a look at a stock’s average volume – in the long, medium and short terms – is helpful for understanding investor sentiment and trading activity. Pattern Energy Group Inc. (PEGI) has had a 20-day average volume of 1,030,935 shares, with an average of 80% of short term indicators pointed at Sell.
The stock’s 50-day average volume has been 846,782 shares, with an average of 100% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 783,762 shares with 33% of long-term indicators pointing to Sell.