The underwriters will have an option to purchase up to an additional 3,900,000 shares of common stock from the Company. Syntal Capital Partners LLC purchased a new position in Callon Petroleum during the second quarter worth about $1,912,000. CALLON FRED L is one of the largest insider shareholders in Callon Petroleum Company (NYSE:CPE), according to U.S. Securities and Exchange Commission (SEC) filings. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 25%.
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While looking at the Stock’s Performance, Callon Petroleum Company now shows a Weekly Performance of 3.53%, where Monthly Performance is 28.19%, Quarterly performance is 29.75%, 6 Months performance is 91.79% and yearly performance percentage is 64.04%.
08/10/2016 – Callon Petroleum Company had its “outperform” rating reiterated by analysts at Imperial Capital. The consensus rating is 1.8, indicating analysts in general look favorably on the company’s future prospects. Current price places the company’s stock -1.48% away from its 200-day simple moving average, -0.59%, away from the 50-day average and also -1.45% away from 20-day average.
Callon Petroleum Company (NYSE:CPE) stock is now trading at about $15.30 and lots of rating firms seem to have a target price set on the stock. The stock presently has an average rating of “Buy” and an average target price of $14.45.
SBUX shares are trading -10.81% below the 52-week high and has displayed a high EPS growth of 24.10% in last 5 years. The consensus rating is 2.4, suggesting the market has given up on the stock. The short ratio in the company’s stock is documented at 6.27 and the short float is around of 15.62%.
Callon Petroleum Company annual Divided is 0 while it’s Dividend Yield is 0%. Miller Howard Investments Inc Ny added CPE to its portfolio by purchasing 369,778 company shares during the most recent quarter which is valued at $4,174,794.
Callon Petroleum Company had its “overweight” rating reiterated by analysts at KeyBanc. Callon Petroleum Company got Initiated on 11-Jul-16 where investment firm KLR Group Initiated the stock to Buy.
05/24/2016 – Callon Petroleum Company had its “outperform” rating reiterated by analysts at Credit Suisse. Citigroup boosted their price objective on shares of Callon Petroleum from $12.50 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. 22 Analysts reported that the Price Target for Callon Petroleum Company might touch $20 high while the Average Price Target and Low price Target is $16.41 and $12.42 respectively.
The number of Callon Petroleum shares in issue is 131,136,000 which have a current share price of 15.46 bringing Callon Petroleum’s market capitalisation to 2.03B United States dollars. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties.
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Callon Petroleum has entered into a definitive agreement to acquire certain undeveloped acreage and producing oil and gas properties for a total consideration of $327 million in cash. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
