Momentum Stock: Callon Petroleum Company (CPE)

Saturday, 16 Dec, 2017

The stock has a market capitalization of $2,133.41, a price-to-earnings ratio of 29.36 and a beta of 1.33. Zions Bancorporation bought a new position in shares of Callon Petroleum during the 3rd quarter valued at $105,000. Fondren Management LP bought a new stake in shares of Callon Petroleum in the second quarter worth about $106,000. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will post earnings of $0.40 per share for the year, up from their prior forecast of $0.38. BB&T Securities LLC bought a new position in shares of Callon Petroleum during the third quarter worth about $112,000. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin. FFT Wealth Management LLC bought a new position in shares of Callon Petroleum during the second quarter worth about $113,000. Finally, Intrust Bank NA bought a new stake in shares of Callon Petroleum in the 3rd quarter worth approximately $139,000.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Monday, November 6th. The stock has 202.96 million shares outstanding and Average True Range for 14 days of 0.44. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Callon Petroleum were worth $1,119,000 as of its most recent SEC filing.

Callon Petroleum (NYSE CPE) traded down $0.31 during trading on Thursday, hitting $10.57. 9,878,326 shares of the company's stock traded hands. The rating was initiated by Tudor Pickering with "Buy" on Tuesday, June 20. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $16.48. The most commonly used moving averages are: the 20-day moving average (because a month contains roughly 20 trading days), 50-day moving average (roughly 3 months) and 200-day moving average (often used by long term traders).

Callon Petroleum Company (CPE) now trades with a market capitalization of $2.21 Billion. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 0 Sell, 3 Hold and 0 Underweight.

Analysts are also projecting an Average Revenue Estimate for Colony NorthStar, $100550 in the Current Quarter.

EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -70.80%, and looking further price to next year's EPS is 216.70%.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPE. The stock of Callon Petroleum Company (NYSE:CPE) earned "Buy" rating by KeyBanc Capital Markets on Monday, October 23.

Previously Callon Petroleum Company (NYSE:CPE) reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09 by $0. UBS has "Buy" rating and $16 target. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the stock a "buy" rating in a research note on Tuesday, October 10th. Finally, Eurobank EFG raised shares of Callon Petroleum Company from a "hold" rating to a "buy" rating and set a $17.00 price target on the stock in a report on Thursday, April 13th. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. The company now has an average rating of "Buy" and an average target price of $17.09.

About Callon Petroleum Company Callon Petroleum Company is an independent oil and natural gas company.