Atlantic Power (AT) Getting Somewhat Positive Press Coverage, Study Shows

Headlines about Atlantic Power (NYSE:AT) (TSE:ATP) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlantic Power earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.5540764710333 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s rankings:

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Shares of Atlantic Power stock traded up $0.05 during trading on Friday, reaching $2.25. The stock had a trading volume of 570,637 shares, compared to its average volume of 504,352. The firm has a market cap of $261.02, a price-to-earnings ratio of -7.76 and a beta of 1.69. Atlantic Power has a 52 week low of $1.80 and a 52 week high of $2.70. The company has a debt-to-equity ratio of -39.22, a current ratio of 1.27 and a quick ratio of 1.14.

Atlantic Power (NYSE:AT) (TSE:ATP) last issued its quarterly earnings results on Thursday, March 1st. The utilities provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The firm had revenue of $100.00 million during the quarter, compared to the consensus estimate of $110.20 million. Atlantic Power had a negative net margin of 21.88% and a positive return on equity of 36.16%. equities analysts expect that Atlantic Power will post -0.39 EPS for the current year.

AT has been the topic of a number of research reports. Zacks Investment Research lowered Atlantic Power from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine lowered Atlantic Power from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Finally, National Bank Financial set a $2.50 price target on Atlantic Power and gave the company a “sector perform” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $2.58.

In related news, CEO James J. Moore, Jr. bought 15,394 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were acquired at an average price of $2.05 per share, for a total transaction of $31,557.70. Following the completion of the acquisition, the chief executive officer now owns 467,140 shares of the company’s stock, valued at approximately $957,637. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph Cofelice bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average price of $2.10 per share, for a total transaction of $42,000.00. Following the acquisition, the executive vice president now directly owns 634,762 shares of the company’s stock, valued at approximately $1,333,000.20. The disclosure for this purchase can be found here. Insiders have purchased 48,894 shares of company stock worth $101,908 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

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About Atlantic Power

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.

Insider Buying and Selling by Quarter for Atlantic Power (NYSE:AT)

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