Callon Petroleum (CPE) Upgraded at Mizuho

Mae Love
December 8, 2017

FMR LLC now owns 16,132,114 shares of the oil and natural gas company's stock worth $171,162,000 after buying an additional 934,847 shares in the last quarter. Finally, Imperial Capital started coverage on Callon Petroleum in a research note on Tuesday, August 15th.

Several other institutional investors have also bought shares of the company. The volatility change in the previous week has observed by 4.20% and experienced of 3.96% change in the last month.

Callon Petroleum Company (CPE) stock was most active stock of Wall Street Market on Wednesday. Mizuho raised Callon Petroleum from a "neutral" rating to a "buy" rating and set a $14.00 price objective on the stock in a research report on Tuesday, November 21st. On Tuesday, October 10 the stock rating was maintained by BMO Capital Markets with "Buy". Callon Petroleum had 77 analyst reports since July 21, 2015 according to SRatingsIntel. Royal Bank Of Canada set a $16.00 price target on Callon Petroleum and gave the stock a "buy" rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have assigned a buy rating to the company.

Whereas its latest closing price kept its distance from the SMA20 at 1.95% and -1.00% from SMA 50 while it was knocked up -5.84% from the simple moving average price of 200 days.

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Callon Petroleum (CPE) traded down $0.61 during mid-day trading on Wednesday, hitting $10.76. The NYSE-listed company saw a recent bid of $24.99 on volume of 6.44 million shares. The third largest holder is Fmr Llc, which now holds $196.38 million worth of this stock and that ownership represents almost 9.05% of its market capitalization. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

Callon Petroleum Company (CPE) stock directed -35.61% toward a lower level throughout a year ago and swapped -11.29% toward a weak spot during past one month.

Callon Petroleum Company (NYSE:CPE) now has a "Hold" signals on Composite indicators by TrendSpotter. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). For the current year the company's revenue estimates are $343.98 Million compared to low analyst estimates of $334 Million and high estimates of $356 Million according to 16 number of analysts. The Return on Equity (ROE) value stands at 4.9%. The company's quarterly revenue was up 51.3% on a year-over-year basis. The shares price go down so far this year; showing a decline of -29.99% and added with positive flow of 0.75% during recent week. Aqr Cap Management Limited Liability has 0% invested in Callon Petroleum Company (NYSE:CPE) for 21,954 shares. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company's stock valued at $110,000 after buying an additional 3,896 shares during the period. FFT Wealth Management LLC acquired a new position in Callon Petroleum in the second quarter valued at $113,000. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company's stock valued at $170,000 after buying an additional 2,203 shares during the period. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company's stock valued at $76,238,000 after purchasing an additional 4,622,758 shares in the last quarter. Finally, Renaissance Group LLC lifted its position in shares of Callon Petroleum by 2.4% during the second quarter.

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