Price targets show what analysts believes a stock will be worth at the end of a certain time period.
Selz Capital Llc decreased Callon Petroleum Corp (CPE) stake by 65% reported in 2017Q2 SEC filing. Royal Bank Of Canada set a $16.00 price target on Callon Petroleum and gave the company a buy rating in a research note on Thursday, August 24th.
BLACKROCK INC. raised its stake in Callon Petroleum Company (NYSE:CPE) by 67.14% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Bank of America initiated coverage on Callon Petroleum in a report on Monday, October 16th.
Analysts have given a mean recommendation of 1.70 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Callon Petroleum had 77 analyst reports since July 21, 2015 according to SRatingsIntel. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.12 average brokerage recommendation. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. CPE's latest closing price was -4.75% away from the average price of 200 days while it maintained a distance of -2.20% from the 50 Day Moving Average and -1.15% away compared to its SMA 20.
Callon Petroleum Company (NYSE:CPE) operates in the Independent Oil & Gas segment of the Basic Materials sector. Considering that the stock daily volume of 6.09 million shares, this represents a pretty noteworthy trading in volume size. The company has a market cap of $2,294.88, a P/E ratio of 31.58 and a beta of 1.33.
Currently, 0.10% of Enterprise Products Partners L.P. (NYSE:EPD) are owned by insiders with 38.54% six-month change in the insider ownership. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $18.00.
Callon Petroleum (NYSE:CPE) has been given a $16.00 price target by equities research analysts at Scotiabank in a research report issued on Saturday, November 25th.
Previously Callon Petroleum Company (NYSE:CPE) reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09 by $0. For the current year the company's revenue estimates are $343.98 Million compared to low analyst estimates of $334 Million and high estimates of $356 Million according to 16 number of analysts. The business's revenue was up 51.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. ETRADE Capital Management LLC lifted its position in shares of Callon Petroleum by 0.6% during the second quarter. These shares are 45.35% off its target price of $15.64 and the current market capitalization stands at $2.17B. Hodges Capital Management Inc. now owns 61,300 shares of the oil and natural gas company's stock worth $650,000 after purchasing an additional 300 shares during the last quarter. FFT Wealth Management LLC acquired a new position in Callon Petroleum in the second quarter valued at $113,000. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company's stock valued at $76,238,000 after purchasing an additional 4,622,758 shares in the last quarter.
TRADEMARK VIOLATION WARNING: This report was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this story on another site, it was illegally stolen and reposted in violation of United States & global copyright and trademark legislation. Savings Bank Of Ny Mellon Corp invested 0.01% in Callon Petroleum Company (NYSE:CPE). The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company's stock valued at $114,000 after buying an additional 5,506 shares during the period.