Live Price Coverage: What’s in Callon Petroleum Company After Today’s Huge Increase?

Live Price Coverage: What's in Callon Petroleum Company After Today's Huge Increase?

The stock of Callon Petroleum Company (NYSE:CPE) is a huge mover today! About 1.87 million shares traded hands. Callon Petroleum Company (NYSE:CPE) has risen 55.32% since April 13, 2016 and is uptrending. It has outperformed by 51.39% the S&P500.
The move comes after 5 months positive chart setup for the $2.34B company. It was reported on Nov, 15 by Barchart.com. We have $19.84 PT which if reached, will make NYSE:CPE worth $889.20 million more.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Out of 20 analysts covering Callon Petroleum (NYSE:CPE), 17 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 85% are positive. Callon Petroleum has been the topic of 40 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Canaccord Genuity on Tuesday, October 20 with “Buy”. Evercore initiated the stock with “Buy” rating in Wednesday, September 28 report. The stock of Callon Petroleum Company (NYSE:CPE) has “Market Perform” rating given on Tuesday, September 8 by Cowen & Co. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Overweight”. Citigroup maintained Callon Petroleum Company (NYSE:CPE) on Monday, July 18 with “Neutral” rating. The firm has “Neutral” rating by Citigroup given on Thursday, August 11. On Tuesday, October 13 the stock rating was initiated by JP Morgan with “Overweight”. The stock of Callon Petroleum Company (NYSE:CPE) earned “Outperform” rating by Imperial Capital on Monday, November 9. The firm earned “Hold” rating on Thursday, August 6 by Zacks. Imperial Capital maintained Callon Petroleum Company (NYSE:CPE) on Monday, May 9 with “Outperform” rating.

According to Zacks Investment Research, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950.”

Insitutional Activity: The institutional sentiment increased to 2.38 in 2016 Q2. Its up 0.14, from 2.24 in 2016Q1. The ratio is positive, as 19 funds sold all Callon Petroleum Company shares owned while 41 reduced positions. 60 funds bought stakes while 83 increased positions. They now own 125.08 million shares or 27.96% more from 97.75 million shares in 2016Q1.
Genesee Valley Com accumulated 10,580 shares or 0.08% of the stock. Meeder Asset Mngmt last reported 0% of its portfolio in the stock. Swiss Bankshares last reported 192,900 shares in the company. State Board Of Administration Of Florida Retirement Systems last reported 0% of its portfolio in the stock. First State Bank Of Omaha holds 0.05% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 55,000 shares. Tributary Mgmt Limited has invested 0.99% of its portfolio in Callon Petroleum Company (NYSE:CPE). Newgate Limited Liability Co owns 29,038 shares or 0.27% of their US portfolio. Campbell Co Adviser Ltd Llc owns 12,262 shares or 0.7% of their US portfolio. Seven Eight Cap Ltd Limited Liability Company holds 0.1% or 25,300 shares in its portfolio. Piermont Capital Mngmt holds 82,268 shares or 0.24% of its portfolio. Northpointe Capital Lc has 212,930 shares for 0.28% of their US portfolio. The New Jersey-based Princeton Alpha Management Ltd Partnership has invested 0.1% in Callon Petroleum Company (NYSE:CPE). Ny State Common Retirement Fund holds 0.02% or 1.00 million shares in its portfolio. Blackrock Fund Advisors has 2.90M shares for 0.01% of their US portfolio. Suntrust Banks has 13,466 shares for 0% of their US portfolio.

More recent Callon Petroleum Company (NYSE:CPE) news were published by: Prnewswire.com which released: “Callon Petroleum Company Announces Closing of Midland Basin Acquisition” on October 24, 2016. Also Prnewswire.com published the news titled: “Callon Petroleum Company Announces Howard County Acquisition and Operational …” on September 06, 2016. Prnewswire.com‘s news article titled: “Callon Petroleum Company Announces Pricing of Upsized $400 Million Placement …” with publication date: September 12, 2016 was also an interesting one.

CPE Company Profile

Callon Petroleum Company, incorporated on March 29, 1994, is an independent oil and natural gas company. The Firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Firm focuses on the acquisition, development, exploration and exploitation of unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. The Company’s asset base is concentrated in the Midland Basin located within the broader Permian Basin. The Company’s activities are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale.

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