Analysts at Stifel Nicolaus Maintain their Past ‘”Buy”’ rating on Shares Callon Petroleum (NYSE:CPE), Set a $21 Target Price

June 12, 2018 - By Michael Collier

Investors sentiment decreased to 1.16 in 2018 Q1. Its down 0.25, from 1.41 in 2017Q4. It dived, as 19 investors sold Callon Petroleum Company shares while 93 reduced holdings. 38 funds opened positions while 92 raised stakes. 259.41 million shares or 0.39% more from 258.40 million shares in 2017Q4 were reported.

Ny State Teachers Retirement Systems stated it has 129,900 shares or 0% of all its holdings. Huntington Bank & Trust has 0% invested in Callon Petroleum Company (NYSE:CPE). 752,638 are held by Retirement Sys Of Alabama. Marathon Cap Mgmt owns 45,750 shares. 2.01M are held by Wedge Cap Mngmt L Ltd Partnership Nc. Citadel Advisors Limited Liability Corp holds 3.13M shares or 0.02% of its portfolio. Mutual Of America Capital Management Ltd Limited Liability Company has invested 0.03% of its portfolio in Callon Petroleum Company (NYSE:CPE). 2.04 million were reported by Thrivent Financial For Lutherans. Stifel Financial, a Missouri-based fund reported 920,698 shares. Geode Mngmt Ltd accumulated 1.74M shares. Silvercrest Asset Group Ltd Com has invested 0.76% in Callon Petroleum Company (NYSE:CPE). At Bancorp has 0.08% invested in Callon Petroleum Company (NYSE:CPE) for 53,734 shares. Guggenheim Cap Lc invested in 106,725 shares or 0% of the stock. Dubuque Comml Bank And Trust Com invested 0.05% of its portfolio in Callon Petroleum Company (NYSE:CPE). Liberty Mutual Grp Asset Mngmt invested in 0.02% or 39,752 shares.

Callon Petroleum (NYSE:CPE) Rating Reaffirmed

They currently have a $21 target price per share on Callon Petroleum (NYSE:CPE). The target price by Stifel Nicolaus would suggest a potential upside of 97.97 % from the company’s close price. This has been released in a note on Tuesday morning.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Among 12 analysts covering Callon Petroleum (NYSE:CPE), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Callon Petroleum has $2000 highest and $11.5 lowest target. $15.69’s average target is 47.91% above currents $10.6075 stock price. Callon Petroleum had 17 analyst reports since January 3, 2018 according to SRatingsIntel. As per Wednesday, March 28, the company rating was maintained by Stifel Nicolaus. The stock of Callon Petroleum Company (NYSE:CPE) has “Buy” rating given on Thursday, January 4 by Piper Jaffray. SunTrust maintained it with “Buy” rating and $1800 target in Monday, April 16 report. On Wednesday, March 14 the stock rating was maintained by Piper Jaffray with “Buy”. BMO Capital Markets maintained the shares of CPE in report on Monday, March 12 with “Buy” rating. As per Tuesday, February 6, the company rating was maintained by SunTrust. On Tuesday, January 30 the stock rating was maintained by Jefferies with “Buy”. The company was downgraded on Wednesday, January 3 by Citigroup. The stock of Callon Petroleum Company (NYSE:CPE) has “Buy” rating given on Monday, June 4 by RBC Capital Markets. The stock of Callon Petroleum Company (NYSE:CPE) has “Buy” rating given on Wednesday, March 14 by Jefferies.

The stock increased 3.89% or $0.3975 during the last trading session, reaching $10.6075. About 4.05M shares traded. Callon Petroleum Company (NYSE:CPE) has declined 0.42% since June 12, 2017 and is downtrending. It has underperformed by 12.99% the S&P500.

Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on August, 1. They expect $0.22 EPS, up 144.44 % or $0.13 from last year’s $0.09 per share. CPE’s profit will be $50.05M for 12.05 P/E if the $0.22 EPS becomes a reality. After $0.20 actual EPS reported by Callon Petroleum Company for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

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 $2.41 billion. As of December 31, 2016, its estimated net proved reserves totaled 91.6 million barrel of oil equivalent. It has a 18.94 P/E ratio.

Another recent and important Callon Petroleum Company (NYSE:CPE) news was published by Seekingalpha.com which published an article titled: “Callon’s Permian Purchase: Ill-Timed” on May 28, 2018.

Callon Petroleum Company (NYSE:CPE) Institutional Positions Chart

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