RBC Capital Markets announced Pattern Energy (TSE:PEG), boosting its stock price target to $32.50 today

In a report released on 6/30/2017 RBC Capital Markets increased the stock price target of Pattern Energy (TSE:PEG) to $32.50 indicating a possible upside of 0%.

Previously on 6/20/2017, RBC Capital Markets reported on Pattern Energy (TSE:PEG) increased the target price from $0.00 to $33.00. At the time, this indicated a possible upside of 0%.

Yesterday Pattern Energy (TSE:PEG) traded -0.49% lower at $0.00. The company’s 50-day moving average is $26.93 and its 200-day moving average is $27.34. The last closing price is down -2.56% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 15,123 shares of the stock traded hands, up from an average trading volume of 14,787

See Chart Below

Pattern Energy has a 52 week low of $23.24 and a 52 week high of $33.00 The company’s market cap is currently $0.

In addition to RBC Capital Markets reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $26.86 with 0 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Pattern Energy (TSE:PEG)

Frontera Energy Corp, formerly Pacific Exploration & Production Corp, is a Canada-based oil and gas company. It is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia and Peru. It has a diversified portfolio of assets with interests in more than 50 blocks. The Company’s projects include: Bicentenario Pipeline, a pipeline for transporting crude oil in Colombia; Puerto Bahia, a port development for handling and storing oil and its derivatives as well as dry bulk and general cargo; Los Llanos Power Transmission Line Project (PEL); Agrocascada, a water irrigation project; Synchronized Thermal Additional Recovery (STAR), a proprietary technology that allows oil reserves and production at the Company’s oil fields to be increased; Centre of Excellence for Projects and Maintenance, a think tank for advancing projects and practices, and Pacific Corporate University (PCU), the Company’s internal university.

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