News articles about Calpine (NYSE:CPN) have trended somewhat positive recently, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calpine earned a daily sentiment score of 0.10 on Alpha One’s scale. Alpha One also gave news stories about the utilities provider an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected AlphaOne Sentiment Analysis’s analysis:
- Calpine (CPN) Earns Daily Media Sentiment Score of 0.16 (americanbankingnews.com)
- Shares in Calpine Co. (CPN) Acquired by Russell Investments Group Ltd. (cote-ivoire.com)
- Somewhat Favorable Media Coverage Very Likely to Affect Calpine (CPN) Share Price (americanbankingnews.com)
- Calpine Co. (CPN) Downgraded by Zacks Investment Research (americanbankingnews.com)
- New Strong Sell Stocks for April 17th (finance.yahoo.com)
Shares of Calpine (NYSE:CPN) traded up 1.240% during trading on Friday, hitting $10.205. 1,837,893 shares of the stock were exchanged. Calpine has a 52 week low of $9.89 and a 52 week high of $16.07. The firm’s 50 day moving average price is $10.91 and its 200-day moving average price is $11.55. The stock has a market cap of $3.66 billion, a P/E ratio of 39.250 and a beta of 1.05.
Calpine (NYSE:CPN) last announced its quarterly earnings data on Friday, February 10th. The utilities provider reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.25. The business earned $1.58 billion during the quarter, compared to the consensus estimate of $1.23 billion. Calpine had a negative return on equity of 1.31% and a net margin of 1.37%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. On average, analysts predict that Calpine will post $0.47 EPS for the current year.
A number of brokerages recently weighed in on CPN. Barclays PLC raised their price target on shares of Calpine from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, January 20th. Royal Bank of Canada set a $14.00 price target on shares of Calpine and gave the company a “buy” rating in a report on Wednesday, January 4th. Zacks Investment Research raised shares of Calpine from a “strong sell” rating to a “hold” rating in a report on Thursday, February 16th. Morgan Stanley lowered shares of Calpine from an “overweight” rating to an “equal weight” rating and set a $13.00 price target for the company. in a report on Monday, February 6th. Finally, Deutsche Bank AG lowered their target price on shares of Calpine from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.00.
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Calpine 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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