Callon Petroleum (CPE) Sets New 1-Year High and Low at $14.43

Shares of Callon Petroleum (NYSE:CPE) reached a new 52-week high and low during trading on Friday . The company traded as low as $14.43 and last traded at $14.36, with a volume of 2485983 shares. The stock had previously closed at $14.22.

A number of research firms have recently commented on CPE. SunTrust Banks set a $18.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus set a $20.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, March 28th. Jefferies Group set a $18.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, March 14th. ValuEngine downgraded Callon Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, B. Riley set a $12.00 price objective on Callon Petroleum and gave the stock a “hold” rating in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $16.44.

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The firm has a market cap of $2,861.48, a PE ratio of 34.00 and a beta of 1.19. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. The firm had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million. research analysts expect that Callon Petroleum will post 0.9 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPE. New York State Common Retirement Fund increased its holdings in Callon Petroleum by 3.3% in the 3rd quarter. New York State Common Retirement Fund now owns 506,651 shares of the oil and natural gas company’s stock valued at $5,695,000 after purchasing an additional 16,266 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Callon Petroleum by 454.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 115,333 shares of the oil and natural gas company’s stock valued at $1,282,000 after buying an additional 94,533 shares during the last quarter. Legal & General Group Plc boosted its position in Callon Petroleum by 139.0% in the 3rd quarter. Legal & General Group Plc now owns 173,793 shares of the oil and natural gas company’s stock valued at $1,948,000 after buying an additional 101,080 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Callon Petroleum by 2.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 905,694 shares of the oil and natural gas company’s stock valued at $10,181,000 after buying an additional 22,807 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Callon Petroleum by 780.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 35,631 shares of the oil and natural gas company’s stock valued at $400,000 after buying an additional 31,583 shares during the last quarter.

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About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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