Dynegy (DYN) is Downgraded by Citigroup to Neutral

Dynegy (DYN) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Dynegy. Company shares were Downgraded by UBS on Jun 9, 2016 to ” Neutral”, Firm has raised the Price Target to $ 22 from a previous price target of $21 .Dynegy was Resumed by Ladenburg Thalmann to “Buy” on Apr 8, 2016.

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.

Dynegy closed down -0.51 points or -2.40% at $20.74 with 28,84,658 shares getting traded on Thursday. Post opening the session at $20.66, the shares hit an intraday low of $19.84 and an intraday high of $20.88 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Mar 1, 2016, Robert C Flexon (CEO) purchased 10,000 shares at $10.08 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.


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