FY2017 EPS Estimates for Atlantic Power Corporation (AT) Boosted by National Bank Financial

Atlantic Power Corporation (NYSE:AT) (TSE:ATP) – Research analysts at National Bank Financial upped their FY2017 EPS estimates for shares of Atlantic Power Corporation in a report issued on Sunday. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings of ($0.22) per share for the year, up from their previous estimate of ($0.27). National Bank Financial has a “Sector Perform” rating and a $2.45 price target on the stock. National Bank Financial also issued estimates for Atlantic Power Corporation’s Q4 2017 earnings at ($0.04) EPS and FY2018 earnings at ($0.13) EPS.

Several other brokerages have also weighed in on AT. TD Securities reaffirmed a “hold” rating and issued a $2.50 target price on shares of Atlantic Power Corporation in a research report on Tuesday, October 17th. Zacks Investment Research raised Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Tuesday, October 10th. Finally, BidaskClub raised Atlantic Power Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $2.57.

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Atlantic Power Corporation (NYSE:AT) opened at $2.45 on Wednesday. The firm has a market capitalization of $276.51, a price-to-earnings ratio of 21.82 and a beta of 1.74. Atlantic Power Corporation has a 52-week low of $2.25 and a 52-week high of $2.75. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 30.07.

In other news, Director Gilbert Samuel Palter acquired 30,300 shares of Atlantic Power Corporation stock in a transaction on Friday, September 1st. The stock was bought at an average price of $2.38 per share, for a total transaction of $72,114.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in shares of Atlantic Power Corporation by 141.2% during the 3rd quarter. Jane Street Group LLC now owns 41,795 shares of the utilities provider’s stock worth $102,000 after buying an additional 24,467 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Atlantic Power Corporation by 87.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 52,701 shares of the utilities provider’s stock worth $126,000 after buying an additional 24,655 shares during the period. Prudential Financial Inc. lifted its position in shares of Atlantic Power Corporation by 87.3% during the 2nd quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock worth $133,000 after buying an additional 26,000 shares during the period. KCG Holdings Inc. lifted its position in shares of Atlantic Power Corporation by 44.0% during the 1st quarter. KCG Holdings Inc. now owns 55,999 shares of the utilities provider’s stock worth $148,000 after buying an additional 17,111 shares during the period. Finally, Nationwide Fund Advisors lifted its position in shares of Atlantic Power Corporation by 10.6% during the 2nd quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock worth $173,000 after buying an additional 6,867 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

About Atlantic Power Corporation

Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.

Earnings History and Estimates for Atlantic Power Corporation (NYSE:AT)

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