The stock of Callon Petroleum Company (NYSE:CPE) is a huge mover today! The stock increased 4.81% or $0.72 during the last trading session, hitting $15.7. About 7.45M shares traded hands or 58.85% up from the average. Callon Petroleum Company (NYSE:CPE) has risen 147.19% since February 26, 2016 and is uptrending. It has outperformed by 136.77% the S&P500.
The move comes after 9 months positive chart setup for the $2.52 billion company. It was reported on Oct, 1 by Barchart.com. We have $23.39 PT which if reached, will make NYSE:CPE worth $1.23B more.
Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on November, 2. They expect $0.07 earnings per share, up 40.00% or $0.02 from last year’s $0.05 per share. CPE’s profit will be $11.24 million for 56.07 P/E if the $0.07 EPS becomes a reality. After $0.05 actual earnings per share reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 40.00% EPS growth.
Callon Petroleum Company (NYSE:CPE) Ratings Coverage
Out of 19 analysts covering Callon Petroleum (NYSE:CPE), 17 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. Callon Petroleum has been the topic of 39 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, September 9 the stock rating was maintained by FBR Capital with “Outperform”. The company was initiated on Tuesday, October 13 by JP Morgan. The stock of Callon Petroleum Company (NYSE:CPE) earned “Outperform” rating by Imperial Capital on Monday, November 9. As per Tuesday, May 24, the company rating was initiated by Credit Suisse. The stock of Callon Petroleum Company (NYSE:CPE) has “Buy” rating given on Thursday, May 26 by Wunderlich. On Tuesday, February 2 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was upgraded on Wednesday, March 30 by Seaport Global. As per Friday, September 30, the company rating was maintained by Imperial Capital. Imperial Capital maintained the shares of CPE in a report on Monday, May 9 with “Outperform” rating. The stock of Callon Petroleum Company (NYSE:CPE) has “Hold” rating given on Thursday, August 6 by Zacks.
According to Zacks Investment Research, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950.”
Insitutional Activity: The institutional sentiment increased to 2.38 in Q2 2016. Its up 0.14, from 2.24 in 2016Q1. The ratio is positive, as 19 funds sold all Callon Petroleum Company shares owned while 41 reduced positions. 60 funds bought stakes while 83 increased positions. They now own 125.08 million shares or 27.96% more from 97.75 million shares in 2016Q1.
State Street owns 4.49M shares or 0.01% of their US portfolio. Schwab Charles last reported 0% of its portfolio in the stock. Metropolitan Life Ins Ny reported 87,299 shares or 0.01% of all its holdings. The Ontario – Canada-based Bank Of Montreal Can has invested 0% in Callon Petroleum Company (NYSE:CPE). Millennium Ltd Liability Corp owns 1.44M shares or 0.04% of their US portfolio. Moreover, Morgan Stanley has 0% invested in Callon Petroleum Company (NYSE:CPE) for 608,935 shares. Citadel Lc accumulated 1.38 million shares or 0.02% of the stock. Emerald Mutual Fund Advisers Tru has invested 0.52% of its portfolio in Callon Petroleum Company (NYSE:CPE). Cubist Systematic Strategies Ltd Liability Co accumulated 29,441 shares or 0.02% of the stock. Bridgeway Capital Mngmt Inc has invested 0.1% of its portfolio in Callon Petroleum Company (NYSE:CPE). Tributary Cap Mngmt Llc has 605,793 shares for 0.99% of their US portfolio. Moreover, Royal Bancorp Of Canada has 0.01% invested in Callon Petroleum Company (NYSE:CPE) for 1.22M shares. Credit Suisse Ag reported 146,708 shares or 0% of all its holdings. Sir Cap Mngmt Limited Partnership, a New York-based fund reported 1.38 million shares. Oberweis Asset Management holds 137,550 shares or 0.46% of its portfolio.
More notable recent Callon Petroleum Company (NYSE:CPE) news were published by: Prnewswire.com which released: “Callon Petroleum Company Announces Pricing of Upsized $400 Million Placement …” on September 12, 2016, also Prnewswire.com with their article: “Callon Petroleum Company Announces Howard County Acquisition and Operational …” published on September 06, 2016, Prnewswire.com published: “Callon Petroleum Company Announces Launch of $350 Million Placement of Senior …” on September 12, 2016. More interesting news about Callon Petroleum Company (NYSE:CPE) were released by: Prnewswire.com and their article: “Callon Petroleum Company Announces Management Appointments” published on August 24, 2016 as well as Prnewswire.com‘s news article titled: “Callon Petroleum Company Announces Second Quarter 2016 Earnings Release and …” with publication date: July 12, 2016.
CPE Company Profile
Callon Petroleum Company, incorporated on March 29, 1994, is an independent oil and natural gas company. The Firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Firm focuses on the acquisition, development, exploration and exploitation of unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. The Company’s asset base is concentrated in the Midland Basin located within the broader Permian Basin. The Company’s activities are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale.
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