Calpine Corp. (NYSE:CPN) traded down 2.6% during trading on Thursday . The company traded as low as $12.12 and last traded at $12.16, with a volume of 1,363,823 shares trading hands. The stock had previously closed at $12.48.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Calpine Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 8th. SunTrust Banks Inc. lowered their price objective on shares of Calpine Corp. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 19th. Deutsche Bank AG raised shares of Calpine Corp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $18.00 to $20.00 in a research note on Tuesday, July 26th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating on shares of Calpine Corp. in a research note on Tuesday, May 31st. Finally, BMO Capital Markets reissued a “buy” rating on shares of Calpine Corp. in a research note on Wednesday, June 22nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.71.

The firm has a 50-day moving average of $13.24 and a 200 day moving average of $14.16. The company’s market cap is $4.48 billion.

Calpine Corp. (NYSE:CPN) last issued its quarterly earnings data on Friday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.06. During the same quarter in the prior year, the company posted $0.09 EPS. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.29 billion. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. Equities research analysts anticipate that Calpine Corp. will post $0.45 earnings per share for the current year.

In related news, Director Jack A. Fusco sold 24,800 shares of Calpine Corp. stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $14.75, for a total transaction of $365,800.00. Following the sale, the director now directly owns 722,825 shares in the company, valued at $10,661,668.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jack A. Fusco sold 154,600 shares of Calpine Corp. stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $14.72, for a total transaction of $2,275,712.00. Following the sale, the director now owns 737,625 shares in the company, valued at $10,857,840. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Calpine Corp. stock. Ameriprise Financial Inc. raised its stake in Calpine Corp. (NYSE:CPN) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 130,133 shares of the company’s stock after buying an additional 3,147 shares during the period. Ameriprise Financial Inc.’s holdings in Calpine Corp. were worth $1,883,000 as of its most recent SEC filing.

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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