Callon Petroleum (NYSE:CPE) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Callon Petroleum (NYSE:CPE) in a report released on Sunday. The brokerage set a “hold” rating on the oil and natural gas company’s stock.

CPE has been the subject of a number of other research reports. Mizuho lowered their price objective on shares of Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, March 15th. Stifel Nicolaus reiterated a “hold” rating and set a $32.00 target price (down from $44.00) on shares of Callon Petroleum in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.33.

Callon Petroleum Stock Performance

NYSE:CPE opened at $35.76 on Friday. 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 stock has a market capitalization of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. The company has a 50 day moving average price of $33.75 and a 200 day moving average price of $33.65. Callon Petroleum has a fifty-two week low of $28.62 and a fifty-two week high of $41.36.

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

Institutional Investors Weigh In On Callon Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Callon Petroleum by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,672,950 shares of the oil and natural gas company’s stock valued at $261,046,000 after purchasing an additional 51,403 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Callon Petroleum during the 4th quarter worth $1,050,000. HITE Hedge Asset Management LLC acquired a new stake in Callon Petroleum during the 4th quarter worth $4,077,000. LSV Asset Management raised its stake in Callon Petroleum by 374.2% during the 3rd quarter. LSV Asset Management now owns 121,392 shares of the oil and natural gas company’s stock worth $4,749,000 after acquiring an additional 95,793 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in Callon Petroleum during the 3rd quarter worth $27,941,000. 91.08% of the stock is currently owned by institutional investors and hedge funds.

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.