Callon Petroleum Company (CPE) Rating Increased to Buy at Citigroup Inc

Saturday, 06 Jan, 2018

Shares of Callon Petroleum Company (NYSE:CPE) opened at 11.53 on Thursday. It has underperformed by 16.70% the S&P500. The company has market cap of $21.78 billion.

CPE has been the subject of a number of other reports. Deroy & Devereaux Private Investment Counsel Inc who had been investing in Pnm Resources Inc for a number of months, seems to be bullish on the $3.20B market cap company. The stock increased 0.90% or $0.3 during the last trading session, reaching $33.58. About 744,941 shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since January 5, 2017 and is uptrending. It has underperformed by 4.41% the S&P500.

The investor is now holding $8.01 million shares due in part to a decrease of 630977 new shares in their portfolio. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. It worsened, as 32 investors sold Callon Petroleum Company shares while 62 reduced holdings.

The most recent non open market insider trade was completed by GATTO JOSEPH C. JR. on 12/31/2017, and was a disposition of 51,506 shares with a final price of $12.15. FMR LLC owned 7.3% of Cypress Semiconductor Corporation (CY) worth $129.57 million at the end of the most recent reporting period. 180,994 were reported by Suntrust Banks. Point72 Asia (Hong Kong) Limited accumulated 0.01% or 788 shares. National Bank Of Montreal Can reported 224,212 shares stake.

Shares of Callon Petroleum (NYSE:CPE) have been given a consensus recommendation of "Buy" by the twenty-six research firms that are now covering the company, Marketbeat reports. During the same period in the prior year, the firm earned $0.09 earnings per share. equities analysts predict that Callon Petroleum will post 0.4 EPS for the current fiscal year. While for the Next 5 years, the company could expect a growth of 60.23% per annum, whereas in the past Five years Callon Petroleum Company (NYSE:CPE) showed a growth of 38.98 Percent per annum. Shaker Investments Ltd Co Oh reported 0.96% stake. Of those holders, 172 had increased positions amounting to 44.77 million shares, 112 had decreased positions amounting to 27.95 million shares, and 31 holders have a held position accounting for 182.87 million shares. Schroder Mngmt Group Inc has invested 0.02% in Callon Petroleum Company (NYSE:CPE). Pillar Pacific Management Llc reported 22,000 shares. (NASDAQ:CA). Bessemer Inc holds 3,430 shares or 0% of its portfolio. Parkwood Ltd Liability Corporation holds 86,293 shares. Finally, Jefferies Group initiated coverage on shares of Callon Petroleum in a research report on Monday, October 9th. California-based Ami Asset Management Corp has invested 0.41% in Callon Petroleum Company (NYSE:CPE). Therefore 13% are positive. Callon Petroleum had 79 analyst reports since July 21, 2015 according to SRatingsIntel. Firm's net income measured an average growth rate of -35.70%. As per Wednesday, August 2, the company rating was maintained by BMO Capital Markets. They issued a neutral rating and a $12.00 price objective for the company. FBR Capital maintained it with "Outperform" rating and $19 target in Friday, September 9 report. On Monday, July 17 the stock rating was maintained by Northland Capital with "Buy". Altalis Capital Management Llc bought 170,507 shares as the company's stock declined 2.59% while stock markets rallied. They set a buy rating on the stock. Credit Suisse initiated it with "Outperform" rating and $14 target in Tuesday, May 24 report. Analysts believe that we could see stock price minimum in the $18 range (lowest target price), allowing for another -11.07% drop from its current position.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, November 6th.

MetLife, Inc. (NYSE:MET) closed at $51.36 a share in the latest session and the stock value rose nearly 1.58% since the beginning of this year. It has a 26.61 P/E ratio. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.02.

Since August 2, 2017, it had 0 insider purchases, and 2 sales for $420,463 activity. There were 39 sold out positions, amounting to 15.14 million shares. Its down 0.10, from 1.38 in 2017Q2.

Investors may also want to take a longer-term look at company shares. 15,582 are held by Ls Invest Advsr Lc. (NYSE:PNM) for 1.34 million shares.