Calpine Corporation (NYSE:CPN) – SunTrust Banks raised their Q1 2017 earnings per share (EPS) estimates for Calpine Corporation in a research note issued to investors on Monday. SunTrust Banks analyst A. Agha now anticipates that the brokerage will post earnings per share of ($0.22) for the quarter, up from their prior forecast of ($0.27). SunTrust Banks also issued estimates for Calpine Corporation’s Q2 2017 earnings at $0.16 EPS and Q3 2017 earnings at $0.61 EPS.

Other analysts have also issued reports about the stock. RBC Capital Markets set a $14.00 price objective on shares of Calpine Corporation and gave the company a “buy” rating in a research note on Wednesday, January 4th. Deutsche Bank AG reaffirmed a “buy” rating and set a $19.00 price objective (up from $17.00) on shares of Calpine Corporation in a research note on Monday, October 31st. Morgan Stanley lowered shares of Calpine Corporation from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective for the company. in a research note on Monday, February 6th. Zacks Investment Research raised shares of Calpine Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, Bank of America Corporation lowered shares of Calpine Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 22nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.25.

Earnings History and Estimates for Calpine Corporation (NYSE:CPN)

“Q1 2017 Earnings Forecast for Calpine Corporation Issued By SunTrust Banks (CPN)” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at http://www.dailypolitical.com/2017/02/17/q1-2017-earnings-forecast-for-calpine-corporation-issued-by-suntrust-banks-cpn.html.

Calpine Corporation (NYSE:CPN) opened at 11.56 on Wednesday. The stock’s 50 day moving average is $11.72 and its 200-day moving average is $12.15. Calpine Corporation has a 52-week low of $10.39 and a 52-week high of $16.07. The firm has a market capitalization of $4.15 billion, a PE ratio of 44.46 and a beta of 1.05.

Calpine Corporation (NYSE:CPN) last posted its earnings results on Friday, February 10th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.25. Calpine Corporation had a negative return on equity of 1.31% and a net margin of 1.37%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm posted ($0.13) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis.

“Q1 2017 Earnings Forecast for Calpine Corporation Issued By SunTrust Banks (CPN)” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at http://www.dailypolitical.com/2017/02/17/q1-2017-earnings-forecast-for-calpine-corporation-issued-by-suntrust-banks-cpn.html.

Several hedge funds have recently bought and sold shares of CPN. Independent Portfolio Consultants Inc. raised its stake in Calpine Corporation by 8.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 8,575 shares of the company’s stock worth $108,000 after buying an additional 700 shares during the period. Bourgeon Capital Management LLC bought a new stake in Calpine Corporation during the third quarter worth about $126,000. Trexquant Investment LP bought a new stake in Calpine Corporation during the fourth quarter worth about $127,000. Concert Wealth Management Inc. raised its stake in Calpine Corporation by 2.1% in the third quarter. Concert Wealth Management Inc. now owns 10,735 shares of the company’s stock worth $136,000 after buying an additional 220 shares during the period. Finally, Two Sigma Investments LP raised its stake in Calpine Corporation by 130.1% in the fourth quarter. Two Sigma Investments LP now owns 14,811 shares of the company’s stock worth $169,000 after buying an additional 64,011 shares during the period. 93.82% of the stock is owned by institutional investors and hedge funds.

About Calpine Corporation

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.

5 Day Chart for NYSE:CPN

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