Shares Worth Watching: Callon Petroleum Company (NYSE:CPE)

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Drilling Down Into Callon Petroleum Company (CPE)
Author

08 May, 2017

Its up 23.33% from 30.98 million shares previously. Average true range (ATR-14) of the company is at 0.45. For the most recent quarter, quick ratio was 5.5, current ratio was 5.5, LT Debt/Equity ratio was 0.23 and Total Debt/Equity ratio was 0.23. The average numbers of shares are traded in a security per day, during the recent 3-month period. It has underperformed by 6.61% the S&P500. These analysts have also projected a Low Estimate of $0.05/share and a High Estimate of $0.19/share.

Investors sentiment increased to 1.33 in 2016 Q4. It dived, as 46 investors sold Global Positioning System shares while 142 reduced holdings. The stock's market capitalization is 2.38B. Castleark Lc holds 0.45% or 144,160 shares. 2,783 are held by Benjamin F Edwards & Com. Advsrs Asset reported 34,191 shares stake. This technical setup was reported by Barchart.com. Amalgamated Bank owns 0.12% invested in CBS Corporation (NYSE:CBS) for 41,454 shares. Fruth Investment Mngmt invested 0.52% of its portfolio in Gap Inc (NYSE:GPS). Moreover, Vr Advisory Services Ltd has 3.12% invested in the company for 320,000 shares. Nationwide Fund Advsrs accumulated 0.02% or 255,936 shares.

All things being equal, stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates. Advisors Asset Mgmt reported 0.19% in Salient Midstream & MLP Fund (NYSE:SMM).

Salient Midstream & MLP Fund is a non-diversified, closed-end management investment company. The return on invested capital at -2.8%, which is good, compared to its peers. It now has negative earnings. Mesirow Financial Investment Management Equity Management raised its stake in shares of Callon Petroleum Company by 3,555.7% in the third quarter. 57 funds opened positions while 112 raised stakes. 206.80 million shares or 26.07% more from 164.04 million shares in 2016Q3 were reported. About 700,339 shares traded or 77.11% up from the average.

Callon Petroleum Company (CPE) stock price rose 8.13 percent over the past one year, while decreased -11.42 percent during the past 6 months. Amer Grp accumulated 69,739 shares. Jpmorgan Chase owns 80,863 shares for 0% of their portfolio. It also reduced Cerner Corp (NASDAQ:CERN) stake by 35,901 shares and now owns 76,510 shares. 258.43 million shares or 8.05% less from 281.05 million shares in 2016Q3 were reported. Monarch Prtnrs Asset Ltd Liability holds 426,277 shares. D E Shaw & owns 580,700 shares for 0.02% of their portfolio. Price targets frequently change, depending on the outlook for a company's earnings. Corecommodity Mgmt Limited Liability stated it has 0.54% in Callon Petroleum Company (NYSE:CPE).

Ratings analysis reveals 88% of Callon Petroleum's analysts are positive. Roth Capital set a $23.00 target price on Callon Petroleum Company and gave the stock a "buy" rating in a research note on Wednesday, February 22nd. Callon Petroleum had 47 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Mizuho with "Neutral" on Thursday, October 6. Barclays Capital has "Underweight" rating and $22 target. The stock of Ladbrokes Coral Group PLC (LON:LCL) has "Buy" rating given on Tuesday, January 31 by Goldman Sachs. The rating was maintained by Liberum Capital on Tuesday, March 28 with "Sell".

Analysts give FCAU a mean recommendation of 2.30. They now have a United States dollars 18 price target on the stock. On Thursday, September 10 the stock rating was upgraded by Deutsche Bank to "Buy". The rating was initiated by RBC Capital Markets with "Sector Perform" on Monday, September 21.

09/30/2016 - Callon Petroleum Company had its "outperform" rating reiterated by analysts at Imperial Capital. Discovery Capital Management LLC CT now owns 6,791,146 shares of the company's stock valued at $104,380,000 after buying an additional 599,426 shares during the period. The company's market cap is $2.36 Billion, and the average volume is 5.45 Million. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company's drilling activity focuses on the horizontal development of various prospective intervals in the Midland Basin, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale.

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