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PEGI

Pattern Energy

$17.02

-1.62 (-8.69%)

11:00
07/13/18
07/13
11:00
07/13/18
11:00

Put buyers in Patterson Energy as shares face heavy selling

Put buyers in Patterson Energy as shares face heavy selling. The stock down $1.59 to $17.06 on surging volume of 2.2M shares (avg daily is 800K) after BofA/Merrill downgraded PEGI and sweep buyers pay $1.67 to $1.75 for Dec 17.5 puts. 3.6K changed hands. Sep and Aug 17.5 puts also drawing interest. Total volume is almost 30X average daily at 4.9K puts and 515 calls. 30-day implied volatility spikes 50% to 40.5, with earnings due early or mid-August.

PEGI Pattern Energy
$17.02

-1.62 (-8.69%)

03/02/18
WILL
03/02/18
DOWNGRADE
WILL
Hold
Pattern Energy downgraded to Hold from Buy at Williams Capital
03/15/18
GSCO
03/15/18
DOWNGRADE
Target $11
GSCO
Sell
TerraForm Power downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Brian Lee downgraded TerraForm Power (TERP) to Sell and lowered his price target for the shares to $11 from $12. The analyst believes execution risk and below average growth could drive share underperformance over the next 12 months. He calls Pattern Energy (PEGI) his top idea among the YieldCos and reiterates a Buy rating on the shares.
07/13/18
BOFA
07/13/18
DOWNGRADE
BOFA
Underperform
Pattern Energy downgraded to Underperform from Neutral at BofA/Merrill
07/13/18
07/13/18
DOWNGRADE
Target $17

Underperform
Pattern Energy downgraded to Underperform at BofA/Merrill
As previously reported, BofA/Merrill downgraded Pattern Energy to Underperform from Neutral and trimmed its price target to $17 from $18. Analyst Julien Dumoulin-Smith sees a substantially challenged outlook as the company looks for ways to reduce high leverage and meets its target dividend payout ratio of 80%. Dumoulin-Smith believes more aggressive cost reduction actions need to be taken and said it will be difficult for the company to reduce its dividend payout ratio to sustainable levels without cutting the dividend.

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XERS

Xeris Pharmaceuticals

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-0.18 (-0.98%)

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INST

Instructure

$44.93

-0.225 (-0.50%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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USO

United States Oil Fund

$14.47

0.085 (0.59%)

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IIIV

i3 Verticals

$16.73

-0.025 (-0.15%)

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KRYS

Krystal Biotech

$17.14

0.08 (0.47%)

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XOP

SPDR Oil Exploration and Production Fund

$43.19

0.06 (0.14%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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DGAZ

VelocityShares 3x Inv Natural Gas ETN

$26.43

0.89 (3.48%)

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NBIX

Neurocrine

$102.95

0.17 (0.17%)

, TEVA

Teva

$23.29

-0.45 (-1.90%)

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Neurocrine

$102.95

0.17 (0.17%)

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Teva

$23.29

-0.45 (-1.90%)

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UGAZ

VelocityShares 3x Long Natural Gas ETN

$54.61

-2.06 (-3.64%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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  • 16

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ERJ

Embraer

$21.50

-0.78 (-3.50%)

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Periodicals
Embraer sees demand for 10,550 smaller jets in next 20 years, Reuters reports »

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  • 16

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EPRT

Essential Properties Realty Trust

$14.00

(0.00%)

06:49
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EWZ

MSCI Brazil Index

$34.05

0.67 (2.01%)

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VNTR

Venator Materials

$16.76

0.07 (0.42%)

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Tronox

$19.31

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Venator Materials

$16.76

0.07 (0.42%)

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Tronox

$19.31

-0.28 (-1.43%)

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PSA

Public Storage

$228.07

-1.43 (-0.62%)

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  • 02

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EFA

iShares MSCI EAFE Index Fund

$67.80

0.21 (0.31%)

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BAC

Bank of America

$28.54

-0.24 (-0.83%)

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  • 16

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BRO

Brown & Brown

$28.76

0.025 (0.09%)

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  • 24

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JNK

SPDR Barclays High Yield Bond

$35.69

(0.00%)

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Technical Analysis
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ITCI

Intra-Cellular

$20.45

-0.11 (-0.54%)

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Conference/Events
Intra-Cellular management to meet with RBC Capital »

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  • 18

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SJB

ProShares Short High Yield

$22.95

-0.055 (-0.24%)

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ProShares Short High Yield: Pivot points »

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OSUR

OraSure

$17.32

0.01 (0.06%)

06:46
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Downgrade
OraSure rating change  »

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  • 18

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NEP

NextEra Energy Partners

$45.91

-0.51 (-1.10%)

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