Calpine Corporation (NYSE:CPN) stock is currently pricing at roughly $10.37. Our analysis shows that the stock is widely covered by equity research firms, and target prices are revealing. From a summary standpoint, we track the median one-year price target among 14 analysts covering the company at $14.00. That suggests shares of the stock may have another 26 percent to the upside left to run. Of those analysts we surveyed, the highest price target on recordsits at $20.00, which would imply another 7 percent in upside potential. If we look for a little more qualitative data on the range of expectations, we find in analyst notes that the stock has 8 “Buy” ratings in place. At the same time, 3 rate the stock a “strong buy”, suggesting more conviction in the story. As for the doubters, 6 equity research analyst firms call this stock a “Hold” and 0 consider it bad enough to warrant a “Sell” rating.
Analysts at Morgan Stanley took a look at CPN shares in a research note released on Feb 06, 2017, and issued a Equal-Weight rating to this company. BofA/Merrill analysts provided their own take on company recently as well. In a research note published on Nov 22, 2016,the house assigned a Neutral rating to this stock. According to a piece that hit the wires on Jul 26, 2016, researchers at Deutsche Bank reconsidered their prior rating on the stock, and upped it from Hold Perform to Buy.
Calpine Corporation (CPN) Cap Table Analysis
Breaking down the capitalization table is our next goal. From a bird’s eye view, Executives hold 2.03 percent of the stock.
If we take a more granular look, Peter Cartwright is one of the largest owners in company capital stock among insiders. According to U.S. Securities and Exchange Commission (SEC) filings, this investor owns 2,830,784 shares, representing a total current market value of roughly $29355230.08. Robert D. Kelly is another major player among company insiders, currently holding 782,554 shares as of 0.22%, carrying a current market value of $8115084.98. Jack A. Fusco is currently ranked as the number three insider in terms of representation on the cap table for the stock, holding 684,525 shares, valued at around $7098524.25 as of recent close.
We noted a few insider transactions for the stock recently as well.
In a transaction on 2016-11-02, the company’s Director MORELAND W BENJAMIN Purchased 50,000 company shares for 554000. That means, once accounting for this transaction, the Director is left with a stake of 101,273 shares, carrying a current total market value of $1050201. In addition, by means of a transaction dated 2016-07-13, Director Fusco Jack A sold 54,600 shares worth $819000. After that transaction, this investor is left with a total holding of 949,525 shares, representing a total investment value of $9846574.25. We also noted a 2016-07-11 transaction in which CPN Director Fusco Jack A sold 24,800 shares at a stock price of $14.75, carrying a total value of $365800, after which, this insider’s investment stands at 1,004,125 shares, with an overall financial value of $10412776.
Calpine Corporation (NYSE:CPN) Earnings View
In the company’s last quarter, CPN EPS moved to $-0.32 from $-0.43 compared sequentially with the prior quarter. Revenues for the company came in at $2.28BM. This stacks up against $1.58BM, on a sequential basis.
How does this compare with bottom and top-line expectations? Well, according to what we could find, analysts had been looking for the company to post net income of about $-0.11 per share on $1.4BM in revenue. That sets up an interesting next quarter report card. We would note that analysts seem to be projecting earnings, on average, for this quarter in the range of $-0.21 to $0.15. On a year-over-year basis, that compares with an EPS comp of $0.06.