Callon Petroleum (NYSE:CPE) gapped up prior to trading on Monday . The stock had previously closed at $8.49, but opened at $8.21. Callon Petroleum shares last traded at $8.09, with a volume of 181218 shares traded.
Several equities research analysts have recently issued reports on CPE shares. Williams Capital reissued a “buy” rating and issued a $12.00 price objective on shares of Callon Petroleum in a research report on Monday, February 11th. Citigroup raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, January 23rd. Capital One Financial lowered shares of Callon Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Barclays lowered shares of Callon Petroleum from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $14.00 to $10.00 in a research report on Wednesday, January 16th. Finally, Morgan Stanley started coverage on shares of Callon Petroleum in a research report on Thursday, March 21st. They issued an “equal weight” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.29.
The company has a market cap of $1.87 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.78 and a beta of 1.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.71.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cipher Capital LP acquired a new stake in shares of Callon Petroleum during the fourth quarter worth $72,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Callon Petroleum in the 4th quarter worth about $73,000. Nisa Investment Advisors LLC increased its holdings in shares of Callon Petroleum by 968.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,695 shares of the oil and natural gas company’s stock worth $76,000 after acquiring an additional 10,600 shares during the period. CWM Advisors LLC acquired a new stake in shares of Callon Petroleum in the 4th quarter worth about $88,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Callon Petroleum in the 4th quarter worth about $88,000.
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About Callon Petroleum (NYSE:CPE)
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.
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