The FBR & Co Reaffirm "Buy" Rating for Callon Petroleum Co. (CPE)

Cornelia Mascio
Novembre 14, 2017

JP Morgan maintained the stock with "Overweight" rating in Thursday, August 11 report. The firm earned "Overweight" rating on Tuesday, October 13 by JP Morgan.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 0.79%, and has a solid year to date (YTD) performance of -23.75% which means that the stock is constantly adding to its value from the previous fiscal year end price. The rating was maintained by Kepler Cheuvreux with "Buy" on Friday, July 29. Jefferies Group LLC assumed coverage on shares of Callon Petroleum in a report on Monday, October 9th. Callon Petroleum has $26 highest and $8 lowest target. Barclays Capital initiated Callon Petroleum Company (NYSE:CPE) rating on Wednesday, April 26. The rating was maintained by RBC Capital Markets on Tuesday, November 7 with "Buy". The stock increased 0.95% or $1.18 during the last trading session, reaching $125.67. In the latest earnings report the EPS was $0.43 with 201.83M shares outstanding. It has underperformed by 8.03% the S&P500. The stock declined 3.45% or $0.39 reaching $10.77 on the news.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, November 6th. It has underperformed by 4.41% the S&P500.

Callon Petroleum Company (NYSE:CPE) presently has a current ratio of 0.84. Callon Petroleum Company's P/E ratio is 23.91 and the market cap of the company is 2.10B. The hedge fund held 323,000 shares of the oil & gas production company at the end of 2017Q2, valued at $3.43M, up from 172,700 at the end of the previous reported quarter.

Callon Petroleum Company (CPE) now has P/E (Price to Earnings) ratio of 26.95 while the company's industry has 22.33 P/E and the sector P/E is 16.19. The Firm focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

Cambiar Investors LLC cut its stake in Callon Petroleum Company (NYSE:CPE) by 20.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The company maintains price to book ratio of 1.29 industry average at 0.55. It fall, as 38 investors sold Callon Petroleum Company shares while 55 reduced holdings. Moreover, Grt Capital Partners L.L.C. has 2.93% invested in the company for 473,918 shares. The business's quarterly revenue was up 51.3% compared to the same quarter last year. equities research analysts forecast that Callon Petroleum will post 0.4 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: "Cambiar Investors LLC Has $11.83 Million Stake in Callon Petroleum Company (CPE)" was first reported by Week Herald and is the sole property of of Week Herald. Companies may issue new shares and buy back their own shares. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and 13.65. Nuveen Asset Limited Liability Corp holds 0.13% or 1.98 million shares in its portfolio. 99,171 were accumulated by Agf Invs. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The percentage of shares being held by the company management was 0.2% while institutional stake was 79.3%. Employees Retirement Sys Of Ohio reported 180,700 shares or 0.01% of all its holdings. Barclays Public Ltd Co holds 0% or 93,330 shares in its portfolio. State Bank Of America De holds 0% or 912,510 shares.

16 analysts on average are expecting the company to report revenue of $95.83 Million for the current quarter. Therefore 28% are positive. TD Bank had 22 analyst reports since August 12, 2015 according to SRatingsIntel. As per Friday, September 1, the company rating was upgraded by National Bank Canada. The rating was initiated by BMO Capital Markets with "Outperform" on Thursday, September 22. Callon Petroleum has an average rating of "Buy" and an average target price of $17.50. Selz Capital Llc sold 130,000 shares as Callon Petroleum Corp (CPE)'s stock declined 11.69%. Its up 0.70, from 0.87 in 2017Q1. Hancock Com invested in 0.33% or 739,677 shares. M&T Bancorp Corp has invested 0% in Emergent Biosolutions Inc (NYSE:EBS). State Street has 7.85M shares. Proshare Advsr Ltd Co owns 19,439 shares. It was reported on Nov, 14 by Metropolitan Life Insurance Company Ny holds 0.01% or 139,319 shares in its portfolio. Segall Bryant And Hamill Ltd owns 482,679 shares.

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