Media headlines about Calpine Corporation (NYSE:CPN) have been trending somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news 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 0.12 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.6901625670136 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Monteverde & Associates PC : Files Class Action Lawsuit On Behalf Of Shareholders Of Calpine Corporation In The Southern District Of Texas (4-traders.com)
- Royal Bank of Canada : Has $1.96 Million Holdings in New Residential Investment Corp (4-traders.com)
- George Kaiser Family Foundation Buys TripAdvisor Inc, Comcast Corp, Starbucks Corp, Sells … (nasdaq.com)
- ETFs with exposure to Calpine Corp. : November 9, 2017 (finance.yahoo.com)
- Calpine Corp. :CPN-US: Earnings Analysis: Q3, 2017 By the Numbers : November 8, 2017 (finance.yahoo.com)
A number of research analysts recently commented on CPN shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $15.00 price objective on shares of Calpine Corporation in a report on Monday, July 24th. ValuEngine upgraded Calpine Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. BMO Capital Markets reiterated a “buy” rating and issued a $14.00 price objective on shares of Calpine Corporation in a report on Friday, July 28th. BidaskClub upgraded Calpine Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Guggenheim cut Calpine Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $15.25 in a report on Monday, August 21st. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.08.
Shares of Calpine Corporation (NYSE CPN) opened at $14.99 on Wednesday. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.33 and a quick ratio of 1.10. Calpine Corporation has a 12-month low of $9.30 and a 12-month high of $15.11.
In other news, Director Jack A. Fusco sold 949,525 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $14.72, for a total transaction of $13,977,008.00. Following the sale, the director now owns 344,835 shares of the company’s stock, valued at $5,075,971.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack A. Fusco sold 348,100 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $14.73, for a total value of $5,127,513.00. Following the sale, the director now directly owns 344,835 shares in the company, valued at approximately $5,079,419.55. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
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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