News stories about Calpine (NYSE:CPN) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Calpine earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.2741322933181 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Calpine (CPN) traded down $0.02 on Friday, hitting $15.07. 2,460,000 shares of the stock traded hands, compared to its average volume of 4,985,075. Calpine has a twelve month low of $9.30 and a twelve month high of $15.16. The firm has a market capitalization of $5,433.76, a P/E ratio of -215.25, a price-to-earnings-growth ratio of 2.94 and a beta of 1.05. The company has a quick ratio of 1.10, a current ratio of 1.33 and a debt-to-equity ratio of 3.39.
Several equities analysts have issued reports on CPN shares. Zacks Investment Research lowered Calpine from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $15.00 price objective on shares of Calpine in a report on Friday, November 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $15.25 price objective on shares of Calpine in a report on Monday, October 30th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.08.
In related news, EVP W. Thaddeus Miller sold 177,627 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $15.12, for a total value of $2,685,720.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thad Hill sold 38,304 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 559,237 shares of the company’s stock, valued at approximately $8,433,293.96. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
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Calpine 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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