TOday’s Movers: Callon Petroleum (NYSE:CPE) Stock Rating Reconfirmed by Analysts at Stifel Nicolaus; $21 Target Price Indicates 97.97 % Potential

June 12, 2018 - By Ellis Scott

Investors sentiment decreased to 1.16 in Q1 2018. Its down 0.25, from 1.41 in 2017Q4. It turned negative, as 19 investors sold Callon Petroleum Company shares while 93 reduced holdings. 38 funds opened positions while 92 raised stakes. 259.41 million shares or 0.39% more from 258.40 million shares in 2017Q4 were reported.

State Treasurer State Of Michigan invested 0.01% in Callon Petroleum Company (NYSE:CPE). Moreover, Regions Fincl Corp has 0.01% invested in Callon Petroleum Company (NYSE:CPE). Balyasny Asset Mngmt Ltd Liability Corp stated it has 1.05 million shares. Teacher Retirement Sys Of Texas stated it has 44,646 shares. Goldman Sachs Inc accumulated 0.04% or 11.46 million shares. Northern Trust Corp has 0.02% invested in Callon Petroleum Company (NYSE:CPE) for 5.76M shares. Massachusetts-based Fmr Lc has invested 0.02% in Callon Petroleum Company (NYSE:CPE). Dana Investment Advsr Inc has invested 0.09% in Callon Petroleum Company (NYSE:CPE). Susquehanna Grp Incorporated Llp has 383,445 shares for 0% of their portfolio. Ing Groep Nv invested in 0.01% or 30,701 shares. Brant Point Management Limited Liability Company has 0.07% invested in Callon Petroleum Company (NYSE:CPE) for 75,375 shares. Wellington Mgmt Grp Limited Liability Partnership invested in 0.05% or 18.34 million shares. Massmutual Com Fsb Adv, Connecticut-based fund reported 1,591 shares. Tributary Mngmt Limited Liability Corporation reported 1.56M shares. Mackenzie Financial Corp, a Ontario – Canada-based fund reported 42,000 shares.

Callon Petroleum (NYSE:CPE) Rating Reaffirmed

They currently have a $21 target price on Callon Petroleum (NYSE:CPE). The target price by Stifel Nicolaus would suggest a potential upside of 97.97 % from the company’s close price. This has been disclosed in a research report on Tuesday morning.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Among 12 analysts covering Callon Petroleum (NYSE:CPE), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Callon Petroleum has $2000 highest and $11.5 lowest target. $15.69’s average target is 47.91% above currents $10.6075 stock price. Callon Petroleum had 17 analyst reports since January 3, 2018 according to SRatingsIntel. Jefferies maintained Callon Petroleum Company (NYSE:CPE) on Wednesday, March 14 with “Buy” rating. SunTrust maintained it with “Buy” rating and $1800 target in Monday, April 16 report. The firm has “Hold” rating given on Monday, February 5 by FBR Capital. The firm has “Buy” rating given on Tuesday, January 16 by Mizuho. The firm has “Buy” rating given on Tuesday, January 30 by Jefferies. The rating was maintained by FBR Capital with “Hold” on Friday, March 9. The firm has “Buy” rating by SunTrust given on Tuesday, February 6. The rating was initiated by Piper Jaffray with “Buy” on Thursday, January 4. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, April 23. Citigroup downgraded the stock to “Neutral” rating in Wednesday, January 3 report.

The stock increased 3.89% or $0.3975 during the last trading session, reaching $10.6075. About 4.05M shares traded. Callon Petroleum Company (NYSE:CPE) has declined 0.42% since June 12, 2017 and is downtrending. It has underperformed by 12.99% the S&P500.

Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on August, 1. They expect $0.22 earnings per share, up 144.44 % or $0.13 from last year’s $0.09 per share. CPE’s profit will be $50.05M for 12.05 P/E if the $0.22 EPS becomes a reality. After $0.20 actual earnings per share reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 10.00 % 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 $2.41 billion. As of December 31, 2016, its estimated net proved reserves totaled 91.6 million barrel of oil equivalent. It has a 18.94 P/E ratio.

Another recent and important Callon Petroleum Company (NYSE:CPE) news was published by which published an article titled: “Callon’s Permian Purchase: Ill-Timed” on May 28, 2018.

Callon Petroleum Company (NYSE:CPE) Institutional Positions Chart

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