StockNews.com Begins Coverage on Callon Petroleum (NYSE:CPE)

StockNews.com initiated coverage on shares of Callon Petroleum (NYSE:CPEFree Report) in a report published on Friday. The firm issued a hold rating on the oil and natural gas company’s stock.

CPE has been the topic of a number of other research reports. Morgan Stanley decreased their target price on shares of Callon Petroleum from $41.00 to $40.00 and set an equal weight rating on the stock in a report on Wednesday, November 29th. Stifel Nicolaus reiterated a hold rating and set a $32.00 price target (down from $44.00) on shares of Callon Petroleum in a report on Tuesday, January 23rd. Mizuho lowered shares of Callon Petroleum from a buy rating to a neutral rating and decreased their price objective for the stock from $60.00 to $40.00 in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada decreased their price target on shares of Callon Petroleum from $50.00 to $42.00 and set an outperform rating for the company in a research note on Wednesday, November 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Callon Petroleum has a consensus rating of Hold and an average price target of $41.17.

View Our Latest Report on Callon Petroleum

Callon Petroleum Stock Performance

Shares of CPE stock opened at $31.57 on Friday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 3.95 and a beta of 2.49. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.40 and a current ratio of 0.40. Callon Petroleum has a 52 week low of $28.62 and a 52 week high of $42.72. The firm’s 50-day simple moving average is $32.32 and its two-hundred day simple moving average is $35.02.

Institutional Investors Weigh In On Callon Petroleum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of Callon Petroleum in the second quarter valued at $30,000. CWM LLC boosted its stake in Callon Petroleum by 260.7% during the second quarter. CWM LLC now owns 1,100 shares of the oil and natural gas company’s stock worth $39,000 after buying an additional 795 shares during the period. Lazard Asset Management LLC purchased a new position in Callon Petroleum during the second quarter worth $40,000. Signaturefd LLC boosted its stake in Callon Petroleum by 241.5% during the fourth quarter. Signaturefd LLC now owns 1,325 shares of the oil and natural gas company’s stock worth $43,000 after buying an additional 937 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Callon Petroleum by 72.9% during the second quarter. Quadrant Capital Group LLC now owns 1,387 shares of the oil and natural gas company’s stock valued at $49,000 after purchasing an additional 585 shares during the period. Institutional investors own 92.79% of the company’s stock.

Callon Petroleum Company Profile

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Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. The company was founded in 1950 and is headquartered in Houston, Texas.

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Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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