StockNews.com Begins Coverage on Callon Petroleum (NYSE:CPE)

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

A number of other analysts have also commented on CPE. Mizuho dropped their price target on Callon Petroleum from $38.00 to $35.00 and set a neutral rating on the stock in a report on Friday, March 15th. Stifel Nicolaus reissued a hold rating and issued a $32.00 price target (down from $44.00) on shares of Callon Petroleum in a report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $40.33.

Callon Petroleum Stock Performance

Shares of CPE opened at $35.76 on Monday. Callon Petroleum has a 52 week low of $28.62 and a 52 week high of $41.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50 day moving average price of $34.35 and a two-hundred day moving average price of $33.65. The firm has a market capitalization of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46.

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

Institutional Inflows and Outflows

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

Callon Petroleum Company Profile

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.