Media stories about Calpine (NYSE:CPN) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Calpine earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.0551478169578 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Calpine from a “strong sell” rating to a “buy” rating and set a $17.00 price target for the company in a report on Friday, October 13th. SunTrust Banks reaffirmed a “hold” rating and issued a $15.00 price target on shares of Calpine in a report on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $15.25 price target on shares of Calpine in a report on Monday, October 30th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.08.
Calpine (CPN) traded down $0.02 during midday trading on Friday, hitting $15.07. 2,461,192 shares of the company’s stock were exchanged, compared to its average volume of 8,380,711. The stock has a market capitalization of $5,430.00, a PE ratio of -215.29, a P/E/G ratio of 2.90 and a beta of 1.05. Calpine has a fifty-two week low of $9.30 and a fifty-two week high of $15.16. The company has a current ratio of 1.33, a quick ratio of 1.10 and a debt-to-equity ratio of 3.39.
In related news, CEO Thad Hill sold 38,304 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $15.08, for a total transaction of $577,624.32. Following the completion of the transaction, the chief executive officer now owns 559,237 shares of the company’s stock, valued at $8,433,293.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP W. Thaddeus Miller sold 177,627 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $15.12, for a total transaction of $2,685,720.24. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
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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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