Calpine Corporation (NYSE:CPN) registered a 0.35% increase, still its new closing price is 10.78% up from the company’s 1 year high of 16.49.It posted -2.21% losses in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 17 stock analysts following this company have an average price target at $15.63, with individual PT in the $12.00-$20.00 range. The shares moved at $11.51, implying that brokerage firms see shares losing about -27.79% in twelve months time.
Calpine Corporation (CPN) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 0.70% rise year to date. A Director at Calpine Corporation (CPN) acquired shares in a transaction closed on Wednesday November 02, 2016. MORELAND W BENJAMIN bought 50,000 shares in the company at $11.08 each and collected $554,000 in proceeds. MORELAND W BENJAMIN now owns 101,273 shares in the company after this transaction. A Director in the company, Fusco Jack A, disclosed a transaction on Wednesday July 13, 2016 that ended up generating $819,000 from the sale of 54,600 shares at $15 per share.
Calpine Corporation (NYSE:CPN) Upcoming Results on Tap
Calpine Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.01 in that period. Sales during the quarter are predicted to arrive at $1.2 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.36 billion in revenue and EPS of $0.52. The mean forecast was for $1.78 billion and $0.73 a share, respectively. One quarter earlier, revenue for the stock was at $1.16 billion, with earnings at $0.06/share.
Calpine Corporation (CPN) Brokerage Update
Calpine Corporation (CPN) is in BofA/Merrill’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by BofA/Merrill, according to news reported on Tuesday November 22, 2016.Another important research note was issued by Deutsche Bank on Tuesday July 26, 2016.The firm upgraded CPN to Buy from Hold. Over the last six months and over the last three months, the shares of Calpine Corporation (CPN), have changed -14.87% and -2.46%, respectively.