Dynegy (DYN) is Resumed by Goldman to “Neutral”

Dynegy (DYN) was Resumed by Goldman to “Neutral”. Goldman advised their Clients and Investors in a research report released on Feb 21, 2017.

Based on several research reports , Shares were Downgraded by UBS on Jan 18, 2017 to ” Sell” and Lowered the Price Target to $ 7 from a previous price target of $8 .Shares were Downgraded by Deutsche Bank on Dec 20, 2016 to ” Hold” and Lowered the Price Target to $ 8 from a previous price target of $11 .

On the company’s financial health, Dynegy reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -1.20 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.97. The company had revenue of $1232.00 million for the quarter, compared to analysts expectations of $1531.13 million. The company’s revenue was up 100.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Several company insiders have filed Insider transactions , on Nov 7, 2016, Robert C Flexon (CEO) purchased 12,500 shares at $8.21 per share price. According to the SEC, on Dec 10, 2015, Patrick Iii Wood (director) purchased 6,400 shares at $11.61 per share price. On Nov 12, 2015, Daniel P. Thompson (EVP) purchased 1,000 shares at $17.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Dynegy closed down -0.16 points or -1.74% at $9.04 with 24,01,795 shares getting traded on Friday. Post opening the session at $9.28, the shares hit an intraday low of $8.665 and an intraday high of $9.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Dynegy

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