News coverage about Calpine Corporation (NYSE:CPN) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calpine Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.7508220623971 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Calpine Corporation (NYSE:CPN) opened at 14.80 on Wednesday. The company has a market cap of $5.34 billion, a PE ratio of 111.28 and a beta of 1.02. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.94. The company has a 50-day moving average price of $14.72 and a 200-day moving average price of $13.24.
Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.63). The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The company’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Equities research analysts expect that Calpine Corporation will post $0.36 earnings per share for the current fiscal year.
CPN has been the subject of several analyst reports. Citigroup Inc. set a $15.00 target price on Calpine Corporation and gave the stock a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and set a $15.00 target price on shares of Calpine Corporation in a research report on Monday, July 24th. BMO Capital Markets reiterated a “buy” rating and issued a $14.00 price objective on shares of Calpine Corporation in a research report on Friday, July 28th. BidaskClub upgraded Calpine Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Calpine Corporation from a “strong sell” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Friday, October 13th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Calpine Corporation has an average rating of “Hold” and a consensus price target of $15.08.
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In related news, Director Jack A. Fusco sold 348,100 shares of Calpine Corporation 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 completion of the transaction, the director now owns 344,835 shares in the company, valued at $5,079,419.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack A. Fusco sold 949,525 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $14.72, for a total value of $13,977,008.00. Following the transaction, the director now owns 344,835 shares of the company’s stock, valued at approximately $5,075,971.20. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Calpine Corporation Company Profile
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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