The Callon Petroleum Company (NYSE:CPE) is going up by 2.01% in today’s trading session, a rise equivalent to 0.08% of the stock’s price from yesterday’s market close. A news came out on 08/06/19 stating that Callon Petroleum Company Announces Second Quarter 2019 Results by WSJ. The lowest point that the shares touched during the trading session was $4.08, while the peak of the day was recorded at a share price of $4.42. CPE finished the previous session at $4.22 according to the data provided by Barchart, while the trading volume was observed to be $5,232,018.
In the 100 days of trading, CPE managed to top a 6.60% Moving average. Additionally, Callon Petroleum Company shares have achieved a 52-week range between 4.08 and 13.09 alongside 100 days raw stochastic set at 6.31%.
The number of shares outstanding, according to the fundamentals of the company, is set at 228.05M, equal to the value of $962.38M in market capitalization. Financial analysts indicate that CPE shares should be still ranked as a “Outperform”. In the last 30 days, Callon Petroleum Company shares went down by -24.89%, adding 5.80 to growth in value, on top of a +6.86% boost since 07/15/19.
Callon Petroleum Company (NYSE:CPE) Analyst’s Estimates
Callon Petroleum Company (CPE) could record at least $0.21 per share in quarterly earnings in the upcoming report on 11/06/2019, a number that would actually represent an increase of 41.89% YOY.
According to the average analyst rating, Callon Petroleum Company would be rated as 1.84. Out of 25 different analysts monitoring CPE stock, 8 analysts rate the stock as a BUY, 4 suggest to give the rating of HOLD, 13 indicate that CPE is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-16-19, the stock earned a Reiterated rating due to a new analyst call from Williams Capital Group, while analysts from Imperial Capital believe that the stock is set at In-line, as concluded on Jul-16-19. Jefferies, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on Jul-15-19.
Regardless of the rating, Barclays did increase their price to $9 as they are considering target share price analysis. Morgan Stanley, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Mar-21-19, giving the stock a Equal-Weight rating.
CPE Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +50.85% has been attained, while the operating margin has been recorded at +45.03%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 9.00%. Beta value of the stock is recorded at 1.39. Additionally, Callon Petroleum Company is recording price volatility of 7.84% for the period of the last seven days and 7.70% in the last 30 days.
Callon Petroleum Company (NYSE:CPE) Technical Outlook
For the period of the last 50 days, Callon Petroleum Company had its Raw Stochastic average set at 9.56% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 19.31%. Stochastic %K for Callon Petroleum Company, with the last 20 days included, was set at 19.00%, having Stochastic %D topping 27.89%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Callon Petroleum Company stocks with recording -61.25% in metrics.
Callon Petroleum Company Insider Watch:
As far as the position of shares issued by Callon Petroleum Company (NYSE:CPE) for the period concluded at the market close of 08/14/19, 153 institutional investors increased their positions in CPE shares by 46,039,192, 140 decreased positions by 29,780,400 and 38 institutional investors decided to hold positions at 237,989,994. These numbers put the complete list of institutional holdings set at 313,809,586 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 31 institutional investments with 2,063,727 new shares in addition to having 48 institutional investors selling their positions in 11,762,292 shares.