Headlines about Calpine Corporation (NYSE:CPN) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calpine Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.9816539694332 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Creative Planning Has $659000 Position in Calpine Corporation (CPN) (eleganthomesinla.com)
- Calpine Corporation (NYSE:CPN) Trading Volume Significantly Lower (healthcaremenu.net)
- Calpine Corporation (CPN) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Calpine Corporation (NYSE:CPN) Experiences Light Trading Volume (highlightpress.com)
- Royal Bank Of Canada Reiterates Buy Rating for Calpine Corporation (CPN) (americanbankingnews.com)
Calpine Corporation (CPN) traded up 2.04% on Tuesday, reaching $14.00. The company’s stock had a trading volume of 4,028,713 shares. Calpine Corporation has a 52-week low of $9.30 and a 52-week high of $14.95. The firm’s 50-day moving average price is $13.54 and its 200-day moving average price is $11.97. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 21.28 and a beta of 1.01.
Calpine Corporation (NYSE:CPN) last released its quarterly earnings results on Friday, April 28th. The utilities provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.15. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.16 billion. Calpine Corporation had a net margin of 3.17% and a negative return on equity of 1.59%. Calpine Corporation’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.65) EPS. On average, equities analysts expect that Calpine Corporation will post $0.53 earnings per share for the current year.
A number of equities research analysts recently commented on CPN shares. Royal Bank Of Canada lifted their price objective on Calpine Corporation from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut Calpine Corporation from a “hold” rating to a “strong sell” rating in a research note on Monday, April 17th. Deutsche Bank AG set a $14.00 price objective on Calpine Corporation and gave the stock a “buy” rating in a research note on Thursday, May 11th. BidaskClub cut Calpine Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $14.00 price objective on shares of Calpine Corporation in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Calpine Corporation currently has an average rating of “Hold” and a consensus price target of $14.60.
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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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