Calpine Corporation (CPN) Getting Somewhat Positive Press Coverage, Accern Reports
Media stories about Calpine Corporation (NYSE:CPN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calpine Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.3617851935308 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Calpine : Provides Update on Hurricane Harvey’s Impact on Southeast Texas Operations (4-traders.com)
- SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Calpine Corporation – CPN (finance.yahoo.com)
- INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Calpine Corporation and Encourages Shareholders to Contact the Firm for Additional Information (finance.yahoo.com)
- Calpine Corporation (CPN) Downgraded by Macquarie (americanbankingnews.com)
- Calpine Corporation (CPN) Announces Update on Southwast Texas Operations from Hurricane Harvey Impact (streetinsider.com)
Calpine Corporation (NYSE:CPN) opened at 14.67 on Friday. Calpine Corporation has a one year low of $9.30 and a one year high of $14.94. The firm’s 50-day moving average price is $14.23 and its 200 day moving average price is $12.49. The firm has a market capitalization of $5.29 billion, a P/E ratio of 110.30 and a beta of 1.01.
Calpine Corporation (NYSE:CPN) last posted its earnings results on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.63. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. On average, equities analysts anticipate that Calpine Corporation will post $0.48 earnings per share for the current fiscal year.
CPN has been the topic of several recent analyst reports. Zacks Investment Research lowered Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG set a $14.00 price target on Calpine Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Royal Bank Of Canada set a $13.00 price target on Calpine Corporation and gave the company a “buy” rating in a research note on Saturday, June 3rd. Citigroup Inc. set a $15.00 price objective on Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Macquarie lowered Calpine Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.95.
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In related news, Director Jack A. Fusco sold 348,100 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total value of $5,127,513.00. Following the sale, the director now directly owns 344,835 shares of the company’s stock, valued at $5,079,419.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack A. Fusco sold 949,525 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $14.72, for a total value of $13,977,008.00. Following the completion of the sale, the director now directly owns 344,835 shares in the company, valued at $5,075,971.20. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
About Calpine Corporation
Calpine Corporation is a power generation company. The Company is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s segments include West (including geothermal), Texas and East (including Canada). In the Northeast and Mid-Atlantic regions, the Company has generating units capable of burning either natural gas or fuel oil.
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