Institutional Investors Are Crazy For Callon Petroleum Co (NYSE:CPE)

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 investment professionals started new and increased holdings, while 101 decreased and sold their stock positions in Callon Petroleum Co. The investment professionals in our partner’s database now hold: 285.62 million shares, down from 296.14 million shares in 2018Q4. Also, the number of investment professionals holding Callon Petroleum Co in their top 10 holdings 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 company was maintained on Wednesday, February 27 by Williams Capital Group. The stock has “Buy” rating by Citigroup on Thursday, March 7. The firm earned “Buy” rating on Wednesday, March 13 by Jefferies. The rating was maintained by Northland Capital with “Buy” on Wednesday, February 27. Barclays Capital upgraded Callon Petroleum Company (NYSE:CPE) on Monday, July 1 to “Overweight” rating. Oppenheimer maintained Callon Petroleum Company (NYSE:CPE) on Friday, February 22 with “Buy” rating. The firm has “Hold” rating by Jefferies given on Monday, July 15. On Monday, June 24 the stock rating was maintained by Morgan Stanley with “Hold”.

More notable recent Callon Petroleum Company (NYSE:CPE) news were published by: Fool.com which released: “Why QEP Resources Stock Is Plunging Today – The Motley Fool” on July 19, 2019, also Finance.Yahoo.com with their article: “How Callon Petroleum Company (NYSE:CPE) Can Impact Your Portfolio Volatility – Yahoo Finance” published on July 05, 2019, Seekingalpha.com published: “Callon Petroleum Q2 2019 Earnings Preview – Seeking Alpha” on August 05, 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 Finance.Yahoo.com‘s news article titled: “Why Oil Stocks Are Getting Crushed Today – Yahoo Finance” with publication date: August 01, 2019.

Callon Petroleum Company (NYSE:CPE) Institutional Positions Chart

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