Callon Petroleum (NYSE:CPE) Now Covered by StockNews.com

StockNews.com began coverage on shares of Callon Petroleum (NYSE:CPE) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the oil and natural gas company’s stock.

A number of other equities analysts also recently issued reports on CPE. Mizuho cut their price target on Callon Petroleum from $38.00 to $35.00 and set a neutral rating for the company in a research note on Friday, March 15th. Stifel Nicolaus reiterated a hold rating and set a $32.00 price target (down previously from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Four investment 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 presently has an average rating of Hold and a consensus target price of $40.33.

Callon Petroleum Price Performance

CPE stock opened at $35.76 on Friday. The company has a market capitalization of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. Callon Petroleum has a 52-week low of $28.62 and a 52-week high of $41.36. The business has a 50-day simple moving average of $33.40 and a two-hundred day simple moving average of $33.67.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.12). The company had revenue of $601.36 million for the quarter, compared to analyst estimates of $563.30 million. Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. Research analysts expect that Callon Petroleum will post 6.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Callon Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of CPE. Royal Bank of Canada boosted its stake in shares of Callon Petroleum by 510.9% in the 3rd quarter. Royal Bank of Canada now owns 1,674,634 shares of the oil and natural gas company’s stock worth $65,511,000 after buying an additional 1,400,493 shares during the last quarter. Vanguard Group Inc. lifted its stake in Callon Petroleum by 22.4% in the third quarter. Vanguard Group Inc. now owns 6,610,084 shares of the oil and natural gas company’s stock valued at $231,419,000 after purchasing an additional 1,210,001 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Callon Petroleum by 54.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,754,939 shares of the oil and natural gas company’s stock valued at $92,124,000 after purchasing an additional 975,132 shares during the last quarter. Woodline Partners LP purchased a new position in Callon Petroleum in the second quarter valued at approximately $31,528,000. Finally, Boston Trust Walden Corp purchased a new position in Callon Petroleum in the third quarter valued at approximately $27,941,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.

Callon Petroleum Company Profile

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. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.