Callon Petroleum (NYSE:CPE) Sets New 12-Month Low at $3.67

Share on StockTwits

Shares of Callon Petroleum (NYSE:CPE) reached a new 52-week low on Tuesday . The company traded as low as $3.67 and last traded at $3.68, with a volume of 18133031 shares trading hands. The stock had previously closed at $3.94.

A number of research analysts recently weighed in on CPE shares. Barclays reduced their price objective on Callon Petroleum from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Northland Securities restated a “buy” rating and set a $7.00 target price on shares of Callon Petroleum in a research report on Monday. Citigroup dropped their target price on Callon Petroleum from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Monday, September 23rd. Johnson Rice lowered Callon Petroleum from a “buy” rating to an “accumulate” rating in a research report on Tuesday. Finally, Evercore ISI restated a “hold” rating and set a $12.00 target price on shares of Callon Petroleum in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $9.63.

The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $4.08 and its two-hundred day moving average is $5.26. The stock has a market cap of $998.05 million, a price-to-earnings ratio of 4.54, a P/E/G ratio of 0.34 and a beta of 1.46.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, November 4th. The oil and natural gas company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $155.38 million during the quarter, compared to analysts’ expectations of $152.61 million. Callon Petroleum had a net margin of 38.86% and a return on equity of 7.48%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. On average, analysts predict that Callon Petroleum will post 0.72 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Advisor Partners LLC purchased a new position in shares of Callon Petroleum during the 3rd quarter worth approximately $46,000. Cornerstone Investment Partners LLC boosted its position in Callon Petroleum by 23.6% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 13,312 shares of the oil and natural gas company’s stock valued at $58,000 after buying an additional 2,544 shares during the period. Signaturefd LLC boosted its position in Callon Petroleum by 78.1% in the 3rd quarter. Signaturefd LLC now owns 14,244 shares of the oil and natural gas company’s stock valued at $62,000 after buying an additional 6,246 shares during the period. Sigma Planning Corp purchased a new position in Callon Petroleum in the 3rd quarter valued at approximately $64,000. Finally, Abacus Planning Group Inc. purchased a new position in Callon Petroleum in the 3rd quarter valued at approximately $65,000.

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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

See Also: Terms to Better Understand Call Options

Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Analysts’ Downgrades for December, 10th
Analysts’ Downgrades for December, 10th
CSG Systems International  Rating Lowered to Sell at ValuEngine
CSG Systems International Rating Lowered to Sell at ValuEngine
Mogo Finance Technology  Downgraded to “Hold” at ValuEngine
Mogo Finance Technology Downgraded to “Hold” at ValuEngine
ValuEngine Lowers ICU Medical  to Hold
ValuEngine Lowers ICU Medical to Hold
Beacon Securities Analysts Boost Earnings Estimates for iAnthus Capital Holdings Inc
Beacon Securities Analysts Boost Earnings Estimates for iAnthus Capital Holdings Inc
Q1 2021 EPS Estimates for Xylem Inc  Raised by Jefferies Financial Group
Q1 2021 EPS Estimates for Xylem Inc Raised by Jefferies Financial Group


© 2006-2019 Ticker Report