Atlantic Power Corp (NYSE:AT) (TSE:ATP) Director Kevin Howell bought 50,000 shares of Atlantic Power stock in a transaction dated Thursday, June 6th. The stock was acquired at an average price of $2.29 per share, with a total value of $114,500.00. Following the purchase, the director now directly owns 160,300 shares of the company’s stock, valued at $367,087. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of AT stock traded up $0.01 during mid-day trading on Monday, reaching $2.43. 243,472 shares of the company’s stock traded hands, compared to its average volume of 469,642. The firm has a market cap of $266.00 million, a P/E ratio of 15.19 and a beta of 0.95. The firm’s 50-day simple moving average is $2.38. Atlantic Power Corp has a 12 month low of $2.05 and a 12 month high of $3.02. The company has a current ratio of 1.01, a quick ratio of 0.91 and a debt-to-equity ratio of 130.98.
Atlantic Power (NYSE:AT) (TSE:ATP) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The business had revenue of $73.00 million for the quarter. Atlantic Power had a net margin of 9.23% and a negative return on equity of 189.57%. On average, sell-side analysts expect that Atlantic Power Corp will post 0.24 EPS for the current year.
AT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Atlantic Power from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective for the company in a research report on Tuesday, May 21st. ValuEngine lowered shares of Atlantic Power from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. TD Securities lifted their price target on shares of Atlantic Power from $2.75 to $3.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Finally, National Bank Financial downgraded shares of Atlantic Power from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2.88.
Atlantic Power Company Profile
Atlantic Power Corp. is a power producer company, which engages in owning power generation assets. The firm operates through its segments: East U.S., West U.S., Canada and Un-Allocated Corporate. It projects sell electricity and steam to investment-grade utilities and creditworthy large customers under long term Power Purchase Agreements.
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