Callon Petroleum Co (NYSE:CPE) Shifting Institutional Investors Sentiment

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 is more positive, as 141 institutional investors started new or increased stock positions, while 101 sold and reduced their stock positions in Callon Petroleum Co. The institutional investors in our partner’s database now possess: 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 stock 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 14.18M 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. Oppenheimer maintained Callon Petroleum Company (NYSE:CPE) rating on Friday, February 22. Oppenheimer has “Buy” rating and $13 target. Williams Capital Group maintained the stock with “Buy” rating in Wednesday, February 27 report. The stock of Callon Petroleum Company (NYSE:CPE) earned “Buy” rating by Jefferies on Wednesday, March 13. The firm has “Buy” rating given on Thursday, March 7 by Citigroup. On Monday, July 1 the stock rating was upgraded by Barclays Capital to “Overweight”. The firm earned “Hold” rating on Monday, July 15 by Jefferies. Northland Capital maintained Callon Petroleum Company (NYSE:CPE) on Wednesday, February 27 with “Buy” rating. The rating was maintained by Morgan Stanley on Monday, June 24 with “Hold”.

More notable recent Callon Petroleum Company (NYSE:CPE) news were published by: Nasdaq.com which released: “Callon Petroleum Stock: Trade, Wait for Positive Long-Term Triggers – Nasdaq” on August 02, 2019, also Finance.Yahoo.com with their article: “Why Oil Stocks Are Getting Crushed Today – Yahoo Finance” published on August 01, 2019, Fool.com published: “Why QEP Resources Stock Is Plunging Today – The Motley Fool” on July 19, 2019. More interesting news about Callon Petroleum Company (NYSE:CPE) were released by: Benzinga.com and their article: “‘Halftime Report’ Final Trades From July 16: American Airlines, JetBlue And More – Benzinga” published on July 17, 2019 as well as Seekingalpha.com‘s news article titled: “Callon Petroleum Q2 2019 Earnings Preview – Seeking Alpha” with publication date: August 05, 2019.

Callon Petroleum Company (NYSE:CPE) Institutional Positions Chart

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