Callon Petroleum (NYSE:CPE) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Callon Petroleum (NYSE:CPE) in a research note released on Tuesday morning. The brokerage issued a hold rating on the oil and natural gas company’s stock.

A number of other brokerages have also recently issued reports on CPE. Stifel Nicolaus reaffirmed a hold rating and set a $32.00 price objective (down from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Mizuho decreased their price target on Callon Petroleum from $38.00 to $35.00 and set a neutral rating on the stock in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Callon Petroleum has an average rating of Hold and an average price target of $40.33.

Callon Petroleum Stock Performance

NYSE:CPE opened at $35.76 on Tuesday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 5.87 and a beta of 2.46. The business has a 50 day moving average of $34.71 and a 200 day moving average of $33.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39. Callon Petroleum has a 1-year low of $28.62 and a 1-year high of $41.36.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.12). Callon Petroleum had a return on equity of 12.65% and a net margin of 17.12%. The business had revenue of $601.36 million for the quarter, compared to analysts’ expectations of $563.30 million. On average, sell-side analysts predict that Callon Petroleum will post 6.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Callon Petroleum

A number of large investors have recently made changes to their positions in CPE. Signaturefd LLC raised its holdings in shares of Callon Petroleum by 241.5% during the fourth quarter. Signaturefd LLC now owns 1,325 shares of the oil and natural gas company’s stock valued at $43,000 after acquiring an additional 937 shares in the last quarter. TFO Wealth Partners LLC increased its position in Callon Petroleum by 202,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,030 shares of the oil and natural gas company’s stock valued at $66,000 after purchasing an additional 2,029 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Callon Petroleum in the 3rd quarter worth $98,000. Quadrant Capital Group LLC lifted its position in shares of Callon Petroleum by 152.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,138 shares of the oil and natural gas company’s stock worth $102,000 after purchasing an additional 1,895 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Callon Petroleum by 315.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,757 shares of the oil and natural gas company’s stock valued at $108,000 after purchasing an additional 2,094 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors.

About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.