What Next for Callon Petroleum Company (CPE) Stock After Today’s Huge Increase?

Investors sentiment increased to 1.17 in Q4 2018. Its up 0.01, from 1.16 in 2018Q3. It improved, as 33 investors sold Callon Petroleum Company shares while 84 reduced holdings. 42 funds opened positions while 95 raised stakes. 296.14 million shares or 5.42% more from 280.92 million shares in 2018Q3 were reported.
The Texas-based Natl Registered Invest Advisor has invested 0.14% in Callon Petroleum Company (NYSE:CPE). Alliancebernstein Limited Partnership stated it has 588,550 shares. Century Companies has invested 0.01% in Callon Petroleum Company (NYSE:CPE). Channing Capital reported 4.96M shares. Retirement Of Alabama holds 1.02 million shares. Stephens Incorporated Ar accumulated 14,400 shares or 0% of the stock. Jane Street Gru Lc holds 0% or 215,547 shares in its portfolio. Sterling Mngmt reported 2.01M shares. Corecommodity Mngmt Ltd Liability reported 0.18% in Callon Petroleum Company (NYSE:CPE). Ameritas Invest Prns has invested 0.03% in Callon Petroleum Company (NYSE:CPE). Ing Groep Nv holds 0% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 34,885 shares. Picton Mahoney Asset Management owns 91,800 shares. Qs Ltd Co invested in 17,955 shares. Thrivent For Lutherans has 7.82M shares for 0.18% of their portfolio. Rhumbline Advisers holds 756,562 shares or 0.01% of its portfolio.

Since December 11, 2018, it had 1 buying transaction, and 0 sales for $4,981 activity.

The stock of Callon Petroleum Company (NYSE:CPE) is a huge mover today! The stock increased 5.61% or $0.42 during the last trading session, reaching $7.91. About 3.97 million shares traded. Callon Petroleum Company (NYSE:CPE) has declined 28.77% since May 8, 2018 and is downtrending. It has underperformed by 33.14% the S&P500.
The move comes after 9 months positive chart setup for the $1.80 billion company. It was reported on May, 8 by Barchart.com. We have $8.46 PT which if reached, will make NYSE:CPE worth $126.21 million more.

Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on August, 5. They expect $0.22 earnings per share, down 4.35 % or $0.01 from last year’s $0.23 per share. CPE’s profit will be $50.15 million for 8.99 P/E if the $0.22 EPS becomes a reality. After $0.16 actual earnings per share reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 37.50 % EPS growth.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Among 8 analysts covering Callon Petroleum (NYSE:CPE), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Callon Petroleum has $13 highest and $9 lowest target. $11.13’s average target is 40.71% above currents $7.91 stock price. Callon Petroleum had 12 analyst reports since December 10, 2018 according to SRatingsIntel. Barclays Capital downgraded Callon Petroleum Company (NYSE:CPE) rating on Wednesday, January 16. Barclays Capital has “Equal-Weight” rating and $10 target. The stock of Callon Petroleum Company (NYSE:CPE) earned “Buy” rating by Northland Capital on Wednesday, February 27. Seaport Global upgraded the shares of CPE in report on Monday, December 10 to “Buy” rating. Williams Capital Group maintained it with “Buy” rating and $12 target in Wednesday, February 27 report. Jefferies maintained Callon Petroleum Company (NYSE:CPE) rating on Wednesday, March 13. Jefferies has “Buy” rating and $11 target. The firm has “Buy” rating given on Wednesday, January 23 by Citigroup. Citigroup maintained Callon Petroleum Company (NYSE:CPE) rating on Thursday, March 7. Citigroup has “Buy” rating and $10 target. On Friday, February 22 the stock rating was maintained by Oppenheimer with “Buy”.

More notable recent Callon Petroleum Company (NYSE:CPE) news were published by: Nasdaq.com which released: “Energy Sector Update for 04/08/2019: TELL,SES,PBR,CPE – Nasdaq” on April 08, 2019, also Globenewswire.com with their article: “Recent Analysis Shows Callon Petroleum, MoSys, Microvision, LB Foster, RR Donnelley & Sons, and Hovnanian Enterprises Market Influences — Renewed Outlook, Key Drivers of Growth – GlobeNewswire” published on April 12, 2019, Seekingalpha.com published: “Callon Petroleum Q1 2019 Earnings Preview – Seeking Alpha” on May 05, 2019. More interesting news about Callon Petroleum Company (NYSE:CPE) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About Aimmune Therapeutics Inc (AIMT) – Yahoo Finance” published on May 02, 2019 as well as Benzinga.com‘s news article titled: “48 Biggest Movers From Friday – Benzinga” with publication date: April 15, 2019.

Callon Petroleum Company Inc., an independent oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas. The company has market cap of $1.80 billion. As of December 31, 2016, its estimated net proved reserves totaled 91.6 million barrel of oil equivalent. It has a 8.11 P/E ratio.

Callon Petroleum Company (NYSE:CPE) Institutional Positions Chart

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