Atlantic Power (NYSE:AT) Getting Somewhat Favorable News Coverage, Report Finds

News articles about Atlantic Power (NYSE:AT) (TSE:ATP) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlantic Power earned a news impact score of 0.05 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.8297880667374 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

AT has been the subject of several research analyst reports. Zacks Investment Research lowered Atlantic Power from a “buy” rating to a “hold” rating in a report on Friday, January 12th. National Bank Financial set a $2.50 price objective on Atlantic Power and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Finally, ValuEngine lowered Atlantic Power from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $2.58.

Atlantic Power stock traded up $0.05 during midday trading on Thursday, hitting $2.20. The stock had a trading volume of 230,601 shares, compared to its average volume of 739,797. The firm has a market cap of $249.42, a P/E ratio of -7.59 and a beta of 1.69. Atlantic Power has a 12 month low of $1.80 and a 12 month high of $2.70. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of -39.22.

Atlantic Power (NYSE:AT) (TSE:ATP) last posted its earnings results on Thursday, March 1st. The utilities provider reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.07). The company had revenue of $100.00 million for the quarter, compared to the consensus estimate of $110.20 million. Atlantic Power had a negative net margin of 21.88% and a positive return on equity of 36.16%. equities research analysts anticipate that Atlantic Power will post -0.39 earnings per share for the current year.

In related news, EVP Joseph Cofelice bought 20,000 shares of the stock in a transaction dated Wednesday, March 7th. The stock was bought at an average cost of $2.10 per share, with a total value of $42,000.00. Following the completion of the acquisition, the executive vice president now owns 634,762 shares of the company’s stock, valued at $1,333,000.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James J. Moore, Jr. bought 15,394 shares of the stock in a transaction dated Wednesday, March 7th. The shares were bought at an average cost of $2.05 per share, with a total value of $31,557.70. Following the completion of the acquisition, the chief executive officer now directly owns 467,140 shares of the company’s stock, valued at approximately $957,637. The disclosure for this purchase can be found here. Insiders have bought 48,894 shares of company stock valued at $101,908 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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About Atlantic Power

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.

Insider Buying and Selling by Quarter for Atlantic Power (NYSE:AT)

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