Boston, MA 02/18/2014 (wallstreetpr) – Calpine Corporation (NYSE:CPN) is now rated “buy” at Deutsche Bank. The brokerage has also assigned the stock a price objective of $21, down from the previous price target of $22. While the “buy” rating on the stock of CPN is a reiteration of a previous sentiment issued by the brokerage, the new price objective signals a drop in the earlier projection. Yet, it signals a slight potential upside from the prevailing price of the stock which is around $20.46. In all, 11 analysts have recently commented on the stock of Calpine out of which the stock has an average price target of $22.91 and consensus rating of “buy.” Out of the 11 analysts tracking the stock, four have a “hold” recommendation while seven have issued a “buy” recommendation. Calpine Corporation (NYSE:CPN) reported its fiscal 2013 fourth quarter on February 13, of which the company stated that it generated $1.44 billion revenue and also ended up missing earnings per share as estimated by analysts.
The Goodyear Tire & Rubber Company (NASDAQ:GT) has had its price objective reaffirmed at $32 by analysts at Citigroup Inc (NYSE:C). On average, the stock has a consensus price target of $25.63 and a stock rating of “buy.” These follow sentiments from at least six analysts who currently tracking the stock. Out of the six analysts, four have issued a “buy” rating while two have recommended “hold,” It is also worth noting that the consensus price target for the stock ($25.63) signals a potential downside to the present price of the stock which is around $26.76. The Goodyear Tire & Rubber Company (NASDAQ:GT) exceeded analysts’ expectation in the most recent quarter whereby it reported 84 cents earnings per share at a time when analysts were looking for $63 cents.
Chesapeake Energy Corporation (NYSE:CHK) is accused of unfair or even illegal royalty practice which is hurting landowners. The company is reportedly making uncalled for deduction on royalties it owed to landowners. Several complaints have been raised against the company and now Gov. Tom Corbett and a northeastern Pennsylvania state senator have called for the investigation into the alleged unfair cost deduction practice by CHK. Following the current uproar in how Chesapeake Energy Corporation (NYSE:CHK) deducts cost on the natural gas production royalties, a package of legislation is seeking to allow landowners to inspect payments and also protect them from unfair termination of a lease by gas companies.
