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Traders Recap: Calpine Corporation (CPN), Antero Midstream Partners LP (AM), E*TRADE Financial Corporation (ETFC)

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Calpine Corporation (CPN) continued its downward trend with the stock declining -0.18% or $-0.02 to close the day at $11.1 on lower than average trading volume of 3.93M shares, compared to its three month average trading volume of 4.29M. The Houston Texas 77002 based company has been outperforming the electric utilities companies by -0.3781% for last three months and its recent losses have pulled the stock down -2.89% YTD, versus the electric utilities industry which is up 0.7% for the same period. The RSI of 38.26 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. It operates natural gas-fired combustion turbines and renewable geothermal conventional steam turbines. The company sells power, steam, capacity, renewable energy credits, and ancillary services to utilities, independent electric system operators, industrial and agricultural companies, retail power providers, municipalities and other governmental entities, and power marketers, as well as retail commercial, industrial, and residential customers. As of February 5, 2016, it owned and operated 84 power plants, including 1 under construction with an aggregate generation capacity of 27,282 megawatts and 760 megawatts under construction. Calpine Corporation was founded in 1984 and is based in Houston, Texas.

Antero Midstream Partners LP (AM) had a light trading with around 3.92M shares changing hands compared to its three month average trading volume of 431.96K. The stock traded between $34.17 and $35.27 before closing at the price of $35.14 with 3.69% change on the day. The Denver Colorado 80202 based company is currently trading 100.47% above its 52 week low of $18.77 and 1.39% above its 52 week high of $35.27. Both the RSI indicator and target price of 70.54 and $37.54 respectively, lead us to believe that it could drop over the coming weeks.

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. Its assets include 8-, 12-, 16-, and 20-inch high and low pressure gathering pipelines and compressor stations that collect natural gas, and oil and condensate from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio, as well as water handling and treatment assets. As of December 31, 2015, the company’s Marcellus and Utica Shale gathering systems comprised 182 miles and 110 miles of pipelines; and water handling systems had 184 miles and 75 miles of pipelines. Antero Resources Midstream Management LLC serves as the general partner of the company. The company was founded in 2013 and is headquartered in Denver, Colorado. Antero Midstream Partners LP operates as a subsidiary of Antero Resources Corporation.

E*TRADE Financial Corporation (ETFC) traded within a range of $34.89 to $35.51 after opening the day at $34.97. The company has seen its stock increase in value by 1.88% so far this year. The stock was up close to 1.44% on active volume in last trading session and closed at $35.3 per share. After the recent gain, the stock is currently holding -8.57% below its 52 week high of $38.61 and 80.01% above its 12-month low of $19.61. The shares are up by over 27.76% in the last three months, and the RSI indicator value of 43.82 is neither bullish nor bearish, tempting investors to stay on the sidelines.

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services primarily to individual retail investors under the E*TRADE Financial brand name. It operates through two segments, Trading and Investing, and Balance Sheet Management. The Trading and Investing segment offers retail brokerage products and services, investor-focused banking products, and corporate services. The Balance Sheet Management segment manages asset allocation; loans previously originated by the company or purchased from third parties; deposits and customer payables; and credit, liquidity, and interest rate risk. The company provides its services to customers through digital platforms; and a network of customer service representatives and financial consultants through phone, email, and online at two branches, as well as in person through 30 branches across the United States. E*TRADE Financial Corporation was incorporated in 1982 and is headquartered in New York, New York.

 

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