Atlantic Power (AT) Earning Somewhat Favorable News Coverage, Analysis Shows
News stories about Atlantic Power (NYSE:AT) (TSE:ATP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Atlantic Power earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.1078797032671 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Atlantic Coast Pipeline files access suit against Nelson County family (roanoke.com)
- More than a power company; talk of selling Santee Cooper has some worried (thetandd.com)
- JCP&L wants Atlantic Highlands woman to pay a relative’s $2,400 debt (app.com)
- Atlantic Coast Pipeline files eminent-domain suit against Nelson County family (newsadvance.com)
- Automated power-tool maker victorious at AlphaLab ‘Hardware Cup’ in display of Pittsburgh’s robotics clout (geekwire.com)
Atlantic Power (NYSE:AT) traded down $0.02 during trading on Monday, hitting $1.93. 53,229 shares of the stock traded hands, compared to its average volume of 732,049. The company has a market capitalization of $224.66, a PE ratio of -3.43 and a beta of 1.53. The company has a debt-to-equity ratio of 30.07, a quick ratio of 0.97 and a current ratio of 1.07. Atlantic Power has a 52-week low of $1.90 and a 52-week high of $2.70.
Several brokerages have weighed in on AT. Zacks Investment Research downgraded shares of Atlantic Power from a “buy” rating to a “hold” rating in a report on Friday, January 12th. TD Securities reaffirmed a “hold” rating and set a $2.50 price target on shares of Atlantic Power in a report on Tuesday, October 17th. Finally, National Bank Financial set a $2.50 price target on shares of Atlantic Power and gave the company a “sector perform” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Atlantic Power currently has an average rating of “Hold” and an average price target of $2.58.
In other Atlantic Power news, Director Gilbert Samuel Palter purchased 35,000 shares of Atlantic Power stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average price of $2.35 per share, for a total transaction of $82,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.
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Atlantic Power Company Profile
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.
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