Callon Petroleum Company had its “outperform” rating reiterated by analysts at FBR Capital Markets.
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08/11/2016 – Callon Petroleum Company had its “neutral” rating reiterated by analysts at Citigroup. It has been assigned a low target price of $14 and a high target price of $21. The 1 year EPS growth rate is 0.50.
The stock has recorded a 20-day Moving Average of 5.29% and the 50-Day Moving Average is 19.33%.The 200 Day SMA reached 55.47% Callon Petroleum Company (NYSE:CPE): After opening at $14.77, the stock dipped to an intraday low of $14.58 on Monday. This depreciation has taken its market cap to $1.44B. On average, analysts anticipate that Callon Petroleum will post $0.23 earnings per share for the current fiscal year. The company presently has an average rating of Buy and an average target price of $14.55. The analyst recommendations from a month ago are 9 Buy, 2 Overweight, 2 Sell, 14 Hold and 0 Underweight.
Callon Petroleum Company (NYSE:CPE) moved in green zone with rise of +0.06 points or +0.40% to $15.08. The heightened volatility saw the trading volume jump to 30,99,799 shares. 6715689 shares were traded on Callon Petroleum Company’s last session. Callon Petroleum has a one year low of $4.21 and a one year high of $15.91. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.65. The company has a 50-day moving average of $13.28 and a 200-day moving average of $10.86. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. Callon Petroleum Company makes up approx 4.52% of Cannell Capital’s portfolio.Rhumbline Advisers boosted its stake in CPE in the latest quarter, The investment management firm added 6,376 additional shares and now holds a total of 118,006 shares of Callon Petroleum Company which is valued at $1,606,062.Blackrock Group Ltd boosted its stake in CPE in the latest quarter, The investment management firm added 61,579 additional shares and now holds a total of 84,347 shares of Callon Petroleum Company which is valued at $1,147,963.Ftb Advisors reduced its stake in CPE by selling 33 shares or 1.61% in the most recent quarter. The company had revenue of $45.14 million for the quarter, compared to analysts expectations of $47.75 million. Callon Petroleum’s revenue for the quarter was up 15.0% compared to the same quarter past year. The stock had a trading volume of 5.9 M shares. As of last close, CPE.PRA was trading at a 7.30% premium to its liquidation preference amount, versus the average discount of 65.80% in the “Oil & Gas Exploration & Production” category.
EPS growth in past 5 year was -3.22% along with sales growth of 8.90% in the last five years.
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Callon Petroleum Company’s (CPE), a part of Basic Materials sector and belongs to Independent Oil & Gas industry; ended its day with a loss of -3.35% and finalized at the price of $15.02.
