Callon Petroleum (NYSE:CPE) Research Coverage Started at StockNews.com

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

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

Callon Petroleum Stock Performance

Shares of NYSE CPE opened at $35.76 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $33.94 and a 200-day simple moving average of $33.69. The company has a market cap of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. Callon Petroleum has a 12-month low of $28.62 and a 12-month high of $41.36.

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

Institutional Investors Weigh In On Callon Petroleum

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its holdings in shares of Callon Petroleum by 1.1% in the third quarter. Yousif Capital Management LLC now owns 27,642 shares of the oil and natural gas company’s stock valued at $1,081,000 after buying an additional 290 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Callon Petroleum by 0.6% in the third quarter. Stifel Financial Corp now owns 72,386 shares of the oil and natural gas company’s stock valued at $2,832,000 after buying an additional 426 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Callon Petroleum by 2.9% in the third quarter. Maryland State Retirement & Pension System now owns 20,586 shares of the oil and natural gas company’s stock valued at $805,000 after buying an additional 579 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Callon Petroleum by 4.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 16,663 shares of the oil and natural gas company’s stock valued at $652,000 after buying an additional 700 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Callon Petroleum by 24.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,171 shares of the oil and natural gas company’s stock valued at $163,000 after buying an additional 810 shares in the last quarter. Institutional investors own 91.08% of the company’s stock.

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.