Callon Petroleum (CPE) Hits New 12-Month High and Low at $13.64

Shares of Callon Petroleum (NYSE:CPE) hit a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $13.64 and last traded at $13.42, with a volume of 2084122 shares changing hands. The stock had previously closed at $13.27.

CPE has been the topic of several recent research reports. TheStreet raised Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Wednesday, April 4th. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. SunTrust Banks set a $18.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research report on Monday. Citigroup cut Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Wednesday, January 3rd. Finally, Imperial Capital reissued an “outperform” rating and issued a $21.00 price objective (up previously from $17.00) on shares of Callon Petroleum in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. Callon Petroleum presently has an average rating of “Buy” and a consensus price target of $16.42.

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The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2,649.45, a P/E ratio of 32.18 and a beta of 1.18.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. The company had revenue of $118.21 million during the quarter, compared to analysts’ expectations of $109.95 million. research analysts predict that Callon Petroleum will post 0.88 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Callon Petroleum by 47.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,625,848 shares of the oil and natural gas company’s stock worth $119,434,000 after acquiring an additional 3,440,342 shares during the period. Goldman Sachs Group Inc. lifted its position in Callon Petroleum by 1.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,044,597 shares of the oil and natural gas company’s stock worth $109,891,000 after acquiring an additional 152,860 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Callon Petroleum by 13.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,242,800 shares of the oil and natural gas company’s stock worth $63,699,000 after acquiring an additional 611,375 shares during the period. Bank of New York Mellon Corp lifted its position in Callon Petroleum by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 5,069,098 shares of the oil and natural gas company’s stock worth $61,591,000 after acquiring an additional 191,088 shares during the period. Finally, Luminus Management LLC lifted its position in Callon Petroleum by 91.3% during the 4th quarter. Luminus Management LLC now owns 4,885,260 shares of the oil and natural gas company’s stock worth $59,356,000 after acquiring an additional 2,330,958 shares during the period.

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Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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