What’s Ahead for Calpine Corporation After Today’s Bullish Options Activity?


 What's Ahead for Calpine Corporation After Today's Bullish Options Activity?

In today’s session Calpine Corporation (CPN) registered an unusually high (2,500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CPN increase. With 2,500 contracts traded and 60634 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CPN170120C00014000 closed last at: $0.7 or 27.3% up. About 266,012 shares traded hands. Calpine Corporation (NYSE:CPN) has declined 6.02% since March 9, 2016 and is downtrending. It has underperformed by 13.43% the S&P500.

Analysts await Calpine Corporation (NYSE:CPN) to report earnings on November, 4. They expect $0.72 EPS, down 25.77% or $0.25 from last year’s $0.97 per share. CPN’s profit will be $255.10 million for 4.47 P/E if the $0.72 EPS becomes a reality. After $0.06 actual EPS reported by Calpine Corporation for the previous quarter, Wall Street now forecasts 1,100.00% EPS growth.

Calpine Corporation (NYSE:CPN) Ratings Coverage

Out of 13 analysts covering Calpine Corporation (NYSE:CPN), 10 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 77% are positive. $27 is the highest target while $13 is the lowest. The $19.21 average target is 49.26% above today’s ($12.87) stock price. Calpine Corporation has been the topic of 24 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, March 7 by SunTrust. The firm earned “Buy” rating on Friday, July 31 by Evercore. As per Friday, July 31, the company rating was maintained by Deutsche Bank. The firm has “Neutral” rating by SunTrust given on Wednesday, August 24. The rating was downgraded by Argus Research on Tuesday, March 8 to “Hold”. The stock has “Buy” rating given by Deutsche Bank on Tuesday, July 26. The stock of Calpine Corporation (NYSE:CPN) has “Buy” rating given on Friday, January 29 by Guggenheim. The stock of Calpine Corporation (NYSE:CPN) earned “Outperform” rating by RBC Capital Markets on Monday, August 3. As per Tuesday, March 29, the company rating was maintained by Citigroup. The company was maintained on Wednesday, August 24 by Suntrust Robinson.

According to Zacks Investment Research, “CALPINE CORPORATION is helping meet the needs of an economy that demands more and cleaner sources of electricity. Calpine is a major U.S. power company, capable of delivering nearly 24,000 megawatts of clean, cost-effective, reliable and fuel-efficient electricity to customers and communities in 18 states in the U.S. The company owns, leases and operates low-carbon, natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves.”

Insitutional Activity: The institutional sentiment decreased to 0.65 in 2016 Q2. Its down 0.34, from 0.99 in 2016Q1. The ratio turned negative, as 51 funds sold all Calpine Corporation shares owned while 110 reduced positions. 24 funds bought stakes while 81 increased positions. They now own 328.39 million shares or 1.19% more from 324.54 million shares in 2016Q1.
Cutter & Brokerage holds 0.73% of its portfolio in Calpine Corporation (NYSE:CPN) for 116,665 shares. Blackrock Fund Advsrs accumulated 0.01% or 3.84 million shares. First Quadrant Lp Ca, a California-based fund reported 42,500 shares. Virtu Financial Lc holds 0.02% or 12,115 shares in its portfolio. Quinn Opportunity Partners Limited Liability last reported 0.26% of its portfolio in the stock. Blackrock Investment Management Llc, a New Jersey-based fund reported 437,767 shares. Brandywine Glob Investment Management Lc holds 0.32% of its portfolio in Calpine Corporation (NYSE:CPN) for 3.26 million shares. Rhumbline Advisers last reported 323,873 shares in the company. Tph Asset Management Limited Liability Corp last reported 0.19% of its portfolio in the stock. Schwab Charles Invest Incorporated holds 1.03M shares or 0.02% of its portfolio. Royal Comml Bank Of Canada accumulated 1.38 million shares or 0.01% of the stock. Vollero Beach Capital Partners Lc, a New York-based fund reported 288,510 shares. Paloma Prns Commerce has 75,795 shares for 0.01% of their US portfolio. The California-based Los Angeles Cap Mngmt Equity Inc has invested 0.03% in Calpine Corporation (NYSE:CPN). Clearbridge Lc has invested 2.85% of its portfolio in Calpine Corporation (NYSE:CPN).

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 5 sales for $8.00 million net activity. Shares for $3.47M were sold by Fusco Jack A on Tuesday, May 31.

Calpine Corporation is a power generation company. The company has a market cap of $4.56 billion. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. It currently has negative earnings. The Company’s divisions include West , Texas and East (including Canada).

CPN Company Profile

Calpine Corporation, incorporated on June 27, 1996, is a power generation company. The Firm is engaged in the ownership and operation of primarily natural gas-fired and geothermal power plants in North America. The Company’s divisions 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. The Firm operates its business through various divisions and subsidiaries.

Another recent and important Calpine Corporation (NYSE:CPN) news was published by Businesswire.com which published an article titled: “Calpine to Acquire Noble Americas Energy Solutions, Significantly Enhancing …” on October 09, 2016.

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