Callon Petroleum Company Sets New 52-Week High at $11.60 (CPE)
Callon Petroleum Company (NYSE:CPE)’s share price reached a new 52-week high during trading on Monday , Analyst RN reports. The company traded as high as $11.60 and last traded at $11.57, with a volume of 309,589 shares. The stock had previously closed at $11.34.
A number of research firms have recently commented on CPE. Analysts at Maxim Group initiated coverage on shares of Callon Petroleum Company in a research note on Wednesday, June 11th. They set a “buy” rating and a $14.00 price target on the stock. Separately, analysts at Imperial Capital initiated coverage on shares of Callon Petroleum Company in a research note on Friday, May 30th. They set an “outperform” rating and a $13.00 price target on the stock. Finally, analysts at Capital One Financial Corp. upgraded shares of Callon Petroleum Company from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Callon Petroleum Company has a consensus rating of “Buy” and a consensus price target of $10.52.
The stock’s 50-day moving average is $10.5 and its 200-day moving average is $8.22. The company has a market cap of $471.2 million and a P/E ratio of 1620.00. Callon Petroleum Company also saw a significant growth in short interest in June. As of June 13th, there was short interest totalling 2,650,279 shares, a growth of 61.6% from the May 30th total of 1,639,807 shares. Currently, 6.8% of the company’s stock are sold short. Based on an average daily volume of 751,339 shares, the days-to-cover ratio is currently 3.5 days.
Callon Petroleum Company (NYSE:CPE) last announced its earnings results on Thursday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $33.29 million for the quarter, compared to the consensus estimate of $28.47 million. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. On average, analysts predict that Callon Petroleum Company will post $0.54 earnings per share for the current fiscal year.
Callon Petroleum Company (NYSE:CPE) is an independent oil and natural gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.