Media headlines about Calpine Corporation (NYSE:CPN) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 gave news stories about the utilities provider an impact score of 45.9816539694332 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Calpine Corporation (CPN) Position Lowered by Prudential Financial Inc - AppsforPCdaily (appsforpcdaily.com)
- Denali Advisors LLC Has $882000 Stake in Calpine Corporation (CPN) (fishinghd.com)
- Janus Capital Management LLC Raises Stake in Calpine Corporation (CPN) (wisdomsave.com)
- Calpine Corporation (CPN) Position Cut by Reliance Trust Co. of Delaware (newstrendstoday.com)
- Calpine Corp (NYSE:CPN) Institutional Investor Sentiment (bulhufas.com)
Several equities analysts have commented on CPN shares. Deutsche Bank AG set a $14.00 price objective on shares of Calpine Corporation and gave the company a “buy” rating in a report on Thursday, May 11th. Royal Bank Of Canada set a $13.00 price objective on shares of Calpine Corporation and gave the company a “buy” rating in a report on Saturday, June 3rd. Citigroup Inc. set a $15.00 price target on shares of Calpine Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research downgraded shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) decreased their price target on shares of Calpine Corporation from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, May 2nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.80.
Calpine Corporation (NYSE CPN) traded up 0.63% during midday trading on Friday, reaching $14.29. 1,809,100 shares of the company traded hands. The firm has a 50-day moving average price of $13.73 and a 200-day moving average price of $12.07. Calpine Corporation has a one year low of $9.30 and a one year high of $14.76. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 107.44 and a beta of 1.02.
Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.63. Calpine Corporation had a negative return on equity of 8.92% and a net margin of 0.57%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. Equities analysts predict that Calpine Corporation will post $0.54 EPS for the current fiscal year.
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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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