Media coverage about Calpine Corporation (NYSE:CPN) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Calpine Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.9816539694332 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s analysis:
- Comparable Company Analysis: Calpine Corporation (CPN), Fidelity National Information Services, Inc. (FIS) - AllStockNews (allstocknews.com)
- Guess The Target: AES, Calpine, Dynegy, NRG? - Seeking Alpha (seekingalpha.com)
- Calpine Corporation (CPN) Ownership Decreased by Alliancebernstein LP - Modern Readers (modernreaders.com)
- Calpine Corporation (CPN) Shares Bought by Personal Capital Advisors Corp (overnewsmagazine.com)
- Calpine Corporation (CPN) Raised to Hold at BidaskClub (elcumanes.com)
A number of brokerages recently weighed in on CPN. ValuEngine raised shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Calpine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday. Royal Bank Of Canada set a $13.00 target price on shares of Calpine Corporation and gave the stock a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets increased their price objective on shares of Calpine Corporation from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Calpine Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, June 26th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Calpine Corporation currently has an average rating of “Hold” and a consensus price target of $14.80.
Shares of Calpine Corporation (CPN) traded up 1.10% during midday trading on Friday, hitting $13.81. 2,512,716 shares of the stock were exchanged. Calpine Corporation has a 1-year low of $9.30 and a 1-year high of $14.76. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 103.83 and a beta of 1.02. The firm’s 50 day moving average is $13.86 and its 200-day moving average is $12.18.
Calpine Corporation (NYSE:CPN) last issued its quarterly earnings data on Friday, July 28th. The utilities provider reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.63. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.15 billion. Calpine Corporation had a net margin of 0.57% and a negative return on equity of 8.92%. The firm’s quarterly revenue was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, analysts predict that Calpine Corporation will post $0.53 EPS for the current year.
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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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