Calpine Corporation (CPN) shares saw a recent bid of $12.95 and 5.42M shares have exchanged hands in the recent trading session, yielding a -3.36% decline over the past week. The stock price decreased -2.63% or $0.35 versus $13.30 at the end of the prior session. This change led market cap to move at $4.60B, putting the price -19.42% below the 52-week high and 39.25% above the 52-week low. The company’s stock has a normal trading capacity of 4.97M shares while the relative volume is 1.09.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $14.93 while $20.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $5.07 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $11.00, which would be decrease of about -15% of its current value. The mean target of $14.00 should be compared with the price when the stock was languishing around $9.30 a share. And it remains to be seen which target price CPN can achieve without sacrificing much as the company is holding a -12.14% fall for the past twelve months.
By historical standards, Calpine Corporation remains a cheap stock. The company’s current price-earnings ratio amounts to 20.28 times earnings, above the average P/E ratio of 9.63 times earnings. For now, Calpine Corporation is the toast of Wall Street as its ABR stands at 2.10 with 4 out of 16 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Calpine Corporation has a 10.08% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Calpine Corporation has far performed well this year, with the share price up 13.30% since January. Over the past 2 quarters, the stock is up 10.49%, compared with a gain of nearly 10.59% for 3 months and about 26.96% for the past 30 days.
Last time, the company failed Wall Street by reporting EPS of $-0.32, smashing the consensus of $-0.11 per share. Revenue for the quarter also killed consensus, coming in at $2.28B, compared to the consensus of 1.4B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.03. The company is expected to report EPS as high as $0.19 and as low as $-0.25 per share. Similarly, full-year EPS forecasts have ranged between $0.21 and $0.90. The mean EPS estimate is $0.50. On the other side, sales forecasts for the current quarter are $1.15B. The stock is expected to report revenue as high as $1.2B and as low as $1.05B per share. Similarly, full-year sales forecasts have ranged between $4.91B and $7.53B. The mean revenue estimate is $5.61B.
Over the last 5 years, Calpine Corporation has averaged a 21.60% YoY EPS growth rate and a -0.20% revenue growth rate. Analysts are expecting EPS growth rates to be at -59.90% this quarter and EPS estimate for next year reflect 80.68% growth rate.
Sell-side analysts also have something to say about this company. Morgan Stanley had a markedly different take on 06/02/2017, proposing that Calpine Corporation is now considered Equal-Weight versus prior Overweight rating. BofA/Merrill had a markedly different take on 22/11/2016, proposing that Calpine Corporation is now considered Neutral versus prior Buy rating. Deutsche Bank raised its rating on Calpine Corporation to Buy on 26/07/2016 in a reversal from its prior Hold rating. Argus had a markedly different take on 08/03/2016, proposing that Calpine Corporation is now considered Hold versus prior Buy rating.