Callon Petroleum (NYSE:CPE) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Callon Petroleum (NYSE:CPE) in a report released on Sunday. The brokerage issued a hold rating on the oil and natural gas company’s stock.

A number of other brokerages have also recently weighed in on CPE. Mizuho reduced their price target on shares of Callon Petroleum from $38.00 to $35.00 and set a neutral rating on the stock in a research report on Friday, March 15th. Stifel Nicolaus restated a hold rating and set a $32.00 price target (down previously from $44.00) on shares of Callon Petroleum in a research report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $40.33.

Callon Petroleum Stock Performance

NYSE:CPE opened at $35.76 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $2.38 billion, a PE ratio of 5.87 and a beta of 2.46. The stock has a fifty day simple moving average of $33.84 and a 200-day simple moving average of $33.67. Callon Petroleum has a 52-week low of $28.62 and a 52-week high of $41.36.

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

Institutional Trading of Callon Petroleum

Institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings 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 acquiring an additional 937 shares during the period. TFO Wealth Partners LLC boosted its position in shares of Callon Petroleum by 202,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,030 shares of the oil and natural gas company’s stock worth $66,000 after buying an additional 2,029 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Callon Petroleum during the third quarter valued at $98,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Callon Petroleum by 315.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,757 shares of the oil and natural gas company’s stock valued at $108,000 after buying an additional 2,094 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Callon Petroleum by 152.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,138 shares of the oil and natural gas company’s stock worth $102,000 after acquiring an additional 1,895 shares in the last quarter. Institutional investors and hedge funds 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.