Callon Petroleum (CPE) Earns Daily Coverage Optimism Rating of 0.11

Mae Love
November 14, 2017

Among 30 analysts covering Callon Petroleum (NYSE:CPE), 27 have Buy rating, 0 Sell and 3 Hold. The stock declined 6.45% or $0.72 reaching $10.44 per share. About shares traded. Emergent Biosolutions Inc (NYSE:EBS) has declined 23.64% since November 14, 2016 and is downtrending. Callon Petroleum Company (NYSE:CPE) has risen 12.29% since November 12, 2016 and is uptrending. It has underperformed by 4.41% the S&P500.The move comes after 6 months negative chart setup for the $2.25B company.

Jeffrey Altman increased its stake in Cit Group Inc (CIT) by 22.23% based on its latest 2017Q2 regulatory filing with the SEC. The Texas-based Hillcrest Asset Management Llc has invested 1.9% in the stock. Suntrust Banks Inc, a Georgia-based fund reported 32,582 shares. The average analysts gave this company a mean recommendation of 2.00. The analysts estimated EPS for the higher end at 0.19 and lower end at -0.04 while the year ago reported earnings per share was 0.17. It has outperformed by 11.78% the S&P500.

Investors sentiment decreased to 1.73 in Q2 2017. The company maintains price to book ratio of 1.29 vs.an industry average at 0.55. New York State Common Retirement Fund raised its position in shares of Callon Petroleum by 3.3% during the 3rd quarter. 229.70 million shares or 2.94% more from 223.13 million shares in 2017Q1 were reported. 9,934 are owned by Grt Prns Limited Com. 75,500 are owned by Mackenzie Financial. The percentage of shares being held by the company management was 0.2% while institutional stake was 79.3%. The firm has "Outperform" rating by Imperial Capital given on Friday, September 30. Comerica State Bank holds 47,910 shares or 0.01% of its portfolio. Alyeska Invest Gru Limited Partnership invested in 0.01% or 107,460 shares.

Shares of Callon Petroleum (NYSE:CPE) traded down $0.13 during midday trading on Monday, hitting $11.72. The Key Group Holdings Cayman Ltd holds 323,000 shares with $3.43M value, up from 172,700 last quarter. Hodges Capital Management Inc. now owns 61,300 shares of the oil and natural gas company's stock valued at $650,000 after acquiring an additional 300 shares in the last quarter. Barclays Public Ltd Com has 93,330 shares for 0% of their portfolio.

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Callon Petroleum Company is an independent oil and natural gas company. Regions Fincl Corporation invested in 57,597 shares. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Therefore 0 are positive.

Ratings analysis reveals 90% of Callon Petroleum's analysts are positive. Northland Securities reaffirmed a "buy" rating and issued a $18.00 target price on shares of Callon Petroleum in a report on Wednesday, November 1st. The firm earned "Buy" rating on Thursday, August 24 by RBC Capital Markets. The stock of Callon Petroleum Company (NYSE:CPE) earned "Outperform" rating by FBR Capital on Thursday, November 5. Callon Petroleum Company (NYSE:CPE) has a 20-Day average volume of 4.38 Million. On Thursday, September 28 the stock rating was maintained by RBC Capital Markets with "Buy". Northland Capital maintained the shares of CPE in report on Monday, September 25 with "Buy" rating. FBR & Co's price target suggests a potential upside of 50.04% from the company's current price. As per Friday, September 1, the company rating was upgraded by National Bank Canada. The stock has "Focus Stock" rating by Howard Weil on Monday, May 16. As per Thursday, September 22, the company rating was initiated by BMO Capital Markets. We have $10.16 PT which if reached, will make NYSE:CPE worth $202.50 million less. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. (NYSE:CIT) were released by: Nasdaq.com and their article: "Zacks.com featured highlights: Greenbrier, CIT Group, ArcBest, Prudential ..." published on October 17, 2017 as well as Nasdaq.com's news article titled: "CIT Group Inc". (NYSE:CIT) shares. The insider SPERLING EDWARD K sold $205,009.

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