TPG PACE ENERGY/SH CL A (TPGE) Bond Prices Fall 1.7%

An issue of TPG PACE ENERGY/SH CL A (NYSE:TPGE) bonds fell 1.7% against their face value during trading on Friday. The high-yield debt issue has a 6% coupon and will mature on August 1, 2026. The bonds in the issue are now trading at $100.63 and were trading at $100.75 last week. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.

Separately, Northland Securities started coverage on shares of TPG PACE ENERGY/SH CL A in a research note on Wednesday, July 11th. They issued an “outperform” rating and a $20.00 price target on the stock.

Shares of TPG PACE ENERGY/SH CL A traded up $0.04, hitting $12.30, during midday trading on Friday, MarketBeat Ratings reports. The company’s stock had a trading volume of 367,041 shares, compared to its average volume of 1,319,198. TPG PACE ENERGY/SH CL A has a 12-month low of $9.66 and a 12-month high of $13.00.

TPG PACE ENERGY/SH CL A (NYSE:TPGE) last released its quarterly earnings data on Monday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. research analysts anticipate that TPG PACE ENERGY/SH CL A will post 0.88 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. FMR LLC purchased a new position in TPG PACE ENERGY/SH CL A in the second quarter worth approximately $25,383,000. Citigroup Inc. purchased a new position in TPG PACE ENERGY/SH CL A in the first quarter worth approximately $4,903,000. Hartree Partners LP purchased a new position in TPG PACE ENERGY/SH CL A in the second quarter worth approximately $4,761,000. Amica Mutual Insurance Co. purchased a new position in TPG PACE ENERGY/SH CL A in the second quarter worth approximately $3,060,000. Finally, Amica Pension Fund Board of Trustees purchased a new position in TPG PACE ENERGY/SH CL A in the second quarter worth approximately $2,750,000. Hedge funds and other institutional investors own 72.18% of the company’s stock.

About TPG PACE ENERGY/SH CL A

TPG Pace Energy Holdings Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2017 and is based in Fort Worth, Texas.

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