New York: Callon (NYSE:CPE) Stock Has Just Had Its Buy Rating Reiterated by KeyBanc. Shares now Have a $16.0 Target

January 6, 2018 - By Louis Casey

 New York: Callon (NYSE:CPE) Stock Has Just Had Its Buy Rating Reiterated by KeyBanc. Shares now Have a $16.0 Target

Investors sentiment decreased to 1.63 in 2017 Q3. Its down 0.10, from 1.73 in 2017Q2. It dived, as 32 investors sold Callon Petroleum Company shares while 62 reduced holdings. 50 funds opened positions while 103 raised stakes. 250.94 million shares or 9.25% more from 229.70 million shares in 2017Q2 were reported.

Lombard Odier Asset Mngmt (Europe) Ltd reported 0.03% of its portfolio in Callon Petroleum Company (NYSE:CPE). Proshare Advsrs Ltd accumulated 0% or 26,668 shares. Utd Cap Advisers Ltd holds 0.01% or 68,682 shares. Federated Pa holds 0.02% or 767,039 shares. Moreover, Renaissance Group Inc Limited Liability Corp has 0.01% invested in Callon Petroleum Company (NYSE:CPE) for 28,369 shares. Mesirow Fincl Invest Management has invested 1.28% of its portfolio in Callon Petroleum Company (NYSE:CPE). Amalgamated National Bank holds 27,171 shares. Jane Street Ltd Limited Liability Company holds 64,602 shares or 0% of its portfolio. Pillar Pacific Mngmt Lc invested in 0.03% or 22,000 shares. Eagle Asset Mngmt Inc accumulated 155,020 shares. Redwood Invs Limited Liability Corporation has invested 0.25% in Callon Petroleum Company (NYSE:CPE). Trexquant Inv Limited Partnership stated it has 0.14% of its portfolio in Callon Petroleum Company (NYSE:CPE). 41,180 were reported by Verition Fund Limited Liability Company. Channing Capital Ltd Company stated it has 2.92M shares. 10.26M are held by State Street.

Callon (NYSE:CPE) Rating Reaffirmed

Equity analysts at KeyBanc now has a $16.0 target on Callon (NYSE:CPE). KeyBanc and their recent target would indicate a potential upside of 29.24 % from the company’s current stock price. The rating has been revealed in a note on Monday morning.

Investors sentiment decreased to 1.63 in 2017 Q3. Its down 0.10, from 1.73 in 2017Q2. It dived, as 32 investors sold Callon Petroleum Company shares while 62 reduced holdings. 50 funds opened positions while 103 raised stakes. 250.94 million shares or 9.25% more from 229.70 million shares in 2017Q2 were reported.

Lombard Odier Asset Mngmt (Europe) Ltd reported 0.03% of its portfolio in Callon Petroleum Company (NYSE:CPE). Proshare Advsrs Ltd accumulated 0% or 26,668 shares. Utd Cap Advisers Ltd holds 0.01% or 68,682 shares. Federated Pa holds 0.02% or 767,039 shares. Moreover, Renaissance Group Inc Limited Liability Corp has 0.01% invested in Callon Petroleum Company (NYSE:CPE) for 28,369 shares. Mesirow Fincl Invest Management has invested 1.28% of its portfolio in Callon Petroleum Company (NYSE:CPE). Amalgamated National Bank holds 27,171 shares. Jane Street Ltd Limited Liability Company holds 64,602 shares or 0% of its portfolio. Pillar Pacific Mngmt Lc invested in 0.03% or 22,000 shares. Eagle Asset Mngmt Inc accumulated 155,020 shares. Redwood Invs Limited Liability Corporation has invested 0.25% in Callon Petroleum Company (NYSE:CPE). Trexquant Inv Limited Partnership stated it has 0.14% of its portfolio in Callon Petroleum Company (NYSE:CPE). 41,180 were reported by Verition Fund Limited Liability Company. Channing Capital Ltd Company stated it has 2.92M shares. 10.26M are held by State Street.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Among 31 analysts covering Callon Petroleum (NYSE:CPE), 27 have Buy rating, 0 Sell and 4 Hold. Therefore 87% are positive. Callon Petroleum has $26 highest and $8 lowest target. $15.18’s average target is 22.62% above currents $12.38 stock price. Callon Petroleum had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, August 24 by RBC Capital Markets. Northland Capital maintained Callon Petroleum Company (NYSE:CPE) on Friday, November 6 with “Outperform” rating. As per Thursday, May 26, the company rating was maintained by Wunderlich. Tudor Pickering initiated the stock with “Buy” rating in Tuesday, June 20 report. On Thursday, January 4 the stock rating was initiated by Piper Jaffray with “Buy”. The company was downgraded on Wednesday, June 21 by Seaport Global. The company was initiated on Monday, September 21 by RBC Capital Markets. The stock of Callon Petroleum Company (NYSE:CPE) earned “Buy” rating by Canaccord Genuity on Tuesday, October 20. The firm has “Buy” rating given on Wednesday, March 30 by Seaport Global. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, September 5.

The stock decreased 0.16% or $0.02 during the last trading session, reaching $12.38. About 5.17 million shares traded or 19.30% up from the average. Callon Petroleum Company (NYSE:CPE) has risen 12.29% since January 6, 2017 and is uptrending. It has underperformed by 4.41% the S&P500.

Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on February, 26. They expect $0.13 EPS, up 62.50 % or $0.05 from last year’s $0.08 per share. CPE’s profit will be $26.24 million for 23.81 P/E if the $0.13 EPS becomes a reality. After $0.09 actual EPS reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 44.44 % EPS growth.

Callon Petroleum Company Inc., an independent oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas. The company has market cap of $2.50 billion. As of December 31, 2016, its estimated net proved reserves totaled 91.6 million barrel of oil equivalent. It has a 26.91 P/E ratio.

Another recent and important Callon Petroleum Company (NYSE:CPE) news was published by Prnewswire.com which published an article titled: “Stock Review for Independent Oil & Gas Investors — Callon Petroleum, Devon …” on January 03, 2018.

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