The stock of Callon Petroleum Company (NYSE:CPE) is a huge mover today! About 1.73M shares traded hands. Callon Petroleum Company (NYSE:CPE) has risen 78.27% since March 16, 2016 and is uptrending. It has outperformed by 72.73% the S&P500.
The move comes after 6 months positive chart setup for the $2.42 billion company. It was reported on Oct, 19 by Barchart.com. We have $20.38 PT which if reached, will make NYSE:CPE worth $774.40M more.
Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on November, 2. They expect $0.07 EPS, up 40.00% or $0.02 from last year’s $0.05 per share. CPE’s profit will be $10.97 million for 55.14 P/E if the $0.07 EPS becomes a reality. After $0.05 actual EPS 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 20 analysts covering Callon Petroleum (NYSE:CPE), 17 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 85% are positive. Callon Petroleum has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Howard Weil upgraded the stock to “Focus Stock” rating in Monday, May 16 report. Imperial Capital maintained Callon Petroleum Company (NYSE:CPE) on Tuesday, February 9 with “Outperform” rating. The stock has “Buy” rating given by Seaport Global on Wednesday, March 30. The stock has “Outperform” rating given by Credit Suisse on Tuesday, May 24. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 15. On Tuesday, October 20 the stock rating was initiated by Canaccord Genuity with “Buy”. The firm has “Outperform” rating by Imperial Capital given on Friday, September 30. The rating was maintained by FBR Capital on Thursday, November 5 with “Outperform”. The company was maintained on Thursday, September 8 by Canaccord Genuity. JP Morgan initiated the stock with “Overweight” rating in Tuesday, October 13 report.
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 2016 Q2. 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.
Eagle Asset Incorporated reported 1.07 million shares or 0.08% of all its holdings. Brant Point Inv Mngmt Ltd Com holds 0.25% or 237,600 shares in its portfolio. Hodges holds 0.02% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 31,500 shares. Balyasny Asset Management Lc, a Illinois-based fund reported 73,640 shares. Ubs Asset Management Americas has invested 0.01% of its portfolio in Callon Petroleum Company (NYSE:CPE). Eam Investors Ltd Liability Co holds 0.44% or 262,068 shares in its portfolio. Art Limited Liability holds 0.06% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 99,085 shares. The Texas-based Westwood Gru has invested 0.11% in Callon Petroleum Company (NYSE:CPE). Airain Limited has 0.07% invested in the company for 111,059 shares. Moreover, Geode Capital Management Limited has 0.01% invested in Callon Petroleum Company (NYSE:CPE) for 863,109 shares. Tudor Invest Et Al holds 113,899 shares or 0.03% of its portfolio. Gsa Capital Limited Liability Partnership last reported 0.05% of its portfolio in the stock. Coe Capital Mngmt Limited Liability last reported 0% of its portfolio in the stock. Blackrock Gp Limited reported 84,347 shares or 0% of all its holdings. Cipher Capital Lp has 292,771 shares for 0.23% of their US portfolio.
More news for Callon Petroleum Company (NYSE:CPE) were recently published by: Prnewswire.com, which released: “Callon Petroleum Company Announces Third Quarter 2016 Earnings Release and …” on October 06, 2016. Prnewswire.com‘s article titled: “Callon Petroleum Company Announces Closing of $400 Million Placement of Senior …” and published on October 03, 2016 is yet another important article.
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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