News coverage about Atlantic Power (NYSE:AT) (TSE:ATP) has been trending somewhat positive on Friday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlantic Power earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.5433885534371 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Join Afua Osei, Ozzy Agu & NaijaNomads as they take on London with Travelstart Nigeria & Virgin Atlantic’s #RoyalWeddingPromo (bellanaija.com)
- Southbury residents without power after tornado (connecticut.news12.com)
- Gulf Power employees train on cyber attacks, power restoration (nwfdailynews.com)
- U.S. labor market tightening; mid-Atlantic factory activity picks up (reuters.com)
- Gulf Power employees train on cyber attacks, power restoration in wake of hurricane season (nwfdailynews.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Atlantic Power from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. ValuEngine downgraded Atlantic Power from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, National Bank Financial set a $2.50 price target on Atlantic Power and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $2.50.
Atlantic Power (NYSE:AT) (TSE:ATP) last announced its earnings results on Thursday, March 1st. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The firm had revenue of $100.00 million during the quarter, compared to analyst estimates of $110.20 million. Atlantic Power had a negative net margin of 18.76% and a positive return on equity of 184.49%. sell-side analysts anticipate that Atlantic Power will post -0.21 earnings per share for the current year.
In related news, CEO James J. Moore, Jr. acquired 15,394 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was bought at an average cost of $2.05 per share, with a total value of $31,557.70. Following the transaction, the chief executive officer now owns 467,140 shares of the company’s stock, valued at $957,637. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph Cofelice acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were bought at an average cost of $2.10 per share, with a total value of $42,000.00. Following the completion of the transaction, the executive vice president now directly owns 634,762 shares in the company, valued at approximately $1,333,000.20. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 48,894 shares of company stock valued at $101,908. Insiders own 1.60% of the company’s stock.
Atlantic Power Company Profile
Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.
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