Callon Petroleum Co Stock in 2019 Q1 Driven by Institutional Investors

Sentiment for Callon Petroleum Co (NYSE:CPE)

Callon Petroleum Co (NYSE:CPE) institutional sentiment increased to 1.4 in 2019 Q1. Its up 0.23, from 1.17 in 2018Q4. The ratio has improved, as 141 institutional investors opened new or increased equity positions, while 101 sold and decreased holdings in Callon Petroleum Co. The institutional investors in our partner’s database reported: 285.62 million shares, down from 296.14 million shares in 2018Q4. Also, the number of institutional investors holding Callon Petroleum Co in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 32 Reduced: 69 Increased: 93 New Position: 48.

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 $904.41 million. As of December 31, 2016, its estimated net proved reserves totaled 91.6 million barrel of oil equivalent. It has a 4.41 P/E ratio.

The stock increased 1.66% or $0.07 during the last trading session, reaching $4.29. About 14.18 million shares traded or 17.83% up from the average. Callon Petroleum Company (NYSE:CPE) has declined 55.60% since August 15, 2018 and is downtrending. It has underperformed by 55.60% the S&P500.

Ranger Investment Management L.P. holds 1.64% of its portfolio in Callon Petroleum Company for 3.00 million shares. Hillcrest Asset Management Llc owns 1.19 million shares or 1.44% of their US portfolio. Moreover, Luminus Management Llc has 1.38% invested in the company for 8.50 million shares. The Connecticut-based Cardinal Capital Management Llc Ct has invested 1.19% in the stock. Copper Rock Capital Partners Llc, a Massachusetts-based fund reported 2.11 million shares.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Ratings analysis reveals 71% of Callon’s analysts are positive. Out of 7 Wall Street analysts rating Callon, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8 while the high is $13. The stock’s average target of $10.57 is 146.39% above today’s ($4.29) share price. CPE was included in 15 notes of analysts from February 22, 2019. The rating was downgraded by Jefferies to “Hold” on Monday, July 15. Barclays Capital upgraded it to “Overweight” rating and $900 target in Monday, July 1 report. On Friday, February 22 the stock rating was maintained by Oppenheimer with “Buy”. The stock has “Hold” rating by Morgan Stanley on Monday, June 24. Citigroup maintained the shares of CPE in report on Thursday, March 7 with “Buy” rating. The stock of Callon Petroleum Company (NYSE:CPE) has “Buy” rating given on Wednesday, March 13 by Jefferies. Northland Capital maintained Callon Petroleum Company (NYSE:CPE) on Wednesday, February 27 with “Buy” rating. The firm earned “Buy” rating on Wednesday, February 27 by Williams Capital Group.

More notable recent Callon Petroleum Company (NYSE:CPE) news were published by: Finance.Yahoo.com which released: “These Fundamentals Make Callon Petroleum Company (NYSE:CPE) Truly Worth Looking At – Yahoo Finance” on May 01, 2019, also Benzinga.com with their article: “‘Halftime Report’ Final Trades From July 16: American Airlines, JetBlue And More – Benzinga” published on July 17, 2019, Finance.Yahoo.com published: “How Callon Petroleum Company (NYSE:CPE) Can Impact Your Portfolio Volatility – Yahoo Finance” on July 05, 2019. More interesting news about Callon Petroleum Company (NYSE:CPE) were released by: Investorplace.com and their article: “With Cash for M&A or Buybacks, Chevron Stock Is Only Going to Get Better – Investorplace.com” published on July 24, 2019 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: WeissLaw LLP Investigates Carrizo Oil & Gas, Inc. Acquisition – PRNewswire” with publication date: July 16, 2019.

Callon Petroleum Company (NYSE:CPE) Institutional Positions Chart

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