Callon Petroleum (NYSE:CPE) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Callon Petroleum (NYSE:CPE) in a research note released on Thursday. The brokerage issued a hold rating on the oil and natural gas company’s stock.

A number of other brokerages have also weighed in on CPE. Mizuho decreased their price target on shares of Callon Petroleum from $38.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, March 15th. Stifel Nicolaus reiterated a hold rating and issued a $32.00 price objective (down previously from $44.00) on shares of Callon Petroleum in a report on Tuesday, January 23rd. Finally, Morgan Stanley cut their price objective on shares of Callon Petroleum from $41.00 to $40.00 and set an equal weight rating for the company in a report on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $40.33.

Callon Petroleum Price Performance

NYSE:CPE opened at $35.76 on Thursday. Callon Petroleum has a one year low of $28.62 and a one year high of $41.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 5.87 and a beta of 2.46. The firm’s fifty day moving average is $32.51 and its two-hundred day moving average is $33.98.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.12). Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. The business had revenue of $601.36 million during the quarter, compared to analysts’ expectations of $563.30 million. Research analysts expect that Callon Petroleum will post 6.56 EPS for the current year.

Institutional Trading of Callon Petroleum

A number of hedge funds and other institutional investors have recently made changes to their positions in CPE. Cetera Advisor Networks LLC boosted its position in shares of Callon Petroleum by 3.0% during the 2nd quarter. Cetera Advisor Networks LLC now owns 9,446 shares of the oil and natural gas company’s stock worth $331,000 after purchasing an additional 278 shares during the period. Yousif Capital Management LLC boosted its position in shares of Callon Petroleum by 1.1% during the 3rd quarter. Yousif Capital Management LLC now owns 27,642 shares of the oil and natural gas company’s stock worth $1,081,000 after purchasing an additional 290 shares during the period. Point72 Hong Kong Ltd boosted its position in Callon Petroleum by 14.5% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,299 shares of the oil and natural gas company’s stock valued at $136,000 after buying an additional 291 shares during the period. The Manufacturers Life Insurance Company boosted its position in Callon Petroleum by 1.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 20,011 shares of the oil and natural gas company’s stock valued at $742,000 after buying an additional 297 shares during the period. Finally, Comerica Bank boosted its position in Callon Petroleum by 1.4% in the 4th quarter. Comerica Bank now owns 26,379 shares of the oil and natural gas company’s stock valued at $855,000 after buying an additional 363 shares during the period. Institutional investors and hedge funds own 91.08% of the company’s stock.

Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.