Does Callon Petroleum Company (NYSE:CPE)'s Growth Make it a Buy?

Marco Green
January 13, 2018

Susquehanna International Group Llp decreased its stake in Callon Pete Co Del (Put) (CPE) by 34.28% based on its latest 2017Q3 regulatory filing with the SEC. However, if the LOW shares go below $93.41 then it would indicate a much weaker market for the company. The hedge fund run by J. Carlo Cannell held 1.70 million shares of the consumer durables company at the end of 2017Q3, valued at $12.78 million, up from 1.30M at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Callon Pete Co Del Com for a number of months, seems to be bullish on the $2.66 billion market cap company.

Taking a close look at the activity of the stock of Boardwalk Pipeline Partners, LP (BWP), during the trading sessions, it is clear to see that the prices of their shares moved to $13.66. The company's stock had a trading volume of 3,646,523 shares, compared to its average volume of 4,682,600.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, November 6th. It has underperformed by 4.41% the S&P500. This simple numeric scale reads 1 to 5, and it changes brokerage firm Strong Sell recommendations into an average broker rating. Therefore 60% are positive. (NYSE:WM) on Wednesday, July 5 with "Buy" rating. Current trade price levels places CPE's stock about -20.24% away from the 52-week high and closed 35.01% away from the 52-week low. KeyBanc Capital Markets has "Buy" rating and $16.0 target. Over the past twelve months, Callon Petroleum Company (NYSE:CPE)'s stock was 5.51%. Compared to the average company in the 18.87 space, CPE is relatively expensive. Wells Fargo maintained it with "Market Perform" rating and $60 target in Friday, October 20 report. They issued an "overweight" rating and a $15.00 price objective on the stock. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the stock a "buy" rating in a research note on Tuesday, October 10th. As per Thursday, May 25, the company rating was maintained by Jefferies. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty have issued a buy recommendation on the company. The stock has an average rating of Buy and a consensus price target of $17.27. If the ratio is less than 1, then we can determine that there has been a decrease in price. Its down 0.10, from 1.03 in 2017Q2. It fall, as 32 investors sold CPE shares while 62 reduced holdings. 43 funds opened positions while 95 raised stakes. (NYSE:LOW) has been 6.1 million shares per day over the past 30 days. Menta Capital Ltd Llc accumulated 36,000 shares. Piper Jaffray Companies began coverage on Callon Petroleum in a report on Thursday, January 4th. (NASDAQ:PIH). Bridgeway Cap Mngmt holds 80,200 shares or 0.01% of its portfolio. Dubuque Natl Bank And Tru holds 22,558 shares. Hodges Capital Mgmt invested in 0.04% or 56,300 shares.

Callon Petroleum Company is an independent oil and natural gas company. Advisory Svcs Networks Ltd Liability Corp holds 0% or 488 shares in its portfolio. Panagora Asset Management owns 1,500 shares. Jpmorgan Chase holds 0% or 171,273 shares. Retirement Of Alabama holds 259,400 shares. 62,883 are held by State Board Of Administration Of Florida Retirement. Dimensional Fund Advisors LP increased its holdings in Callon Petroleum by 180.4% in the 2nd quarter. ETRADE Capital Management LLC lifted its stake in shares of Callon Petroleum by 0.6% in the second quarter. The Oberweis Asset Management Inc holds 243,760 shares with $2.74M value, down from 291,160 last quarter. They expect $1.62 EPS, up 16.55% or $0.23 from last year's $1.39 per share. The difference between the actual and Estimated EPS is $-0.5. The 1 year EPS growth rate is -23.00%. Wall Street is only getting more bullish on the stock, with 22 of analysts who cover CPE having a buy-equivalent rating. Therefore 11% are positive. Illinois Tool Works Inc had 71 analyst reports since July 24, 2015 according to SRatingsIntel. M Partners maintained Lamar Advertising Company (NASDAQ:REIT) on Friday, January 8 with "Neutral" rating. The rating was upgraded by Stifel Nicolaus to "Buy" on Monday, December 11. (NYSE:CCK) on Tuesday, November 10 with "Outperform" rating. On Tuesday, May 24 the stock rating was initiated by Credit Suisse with "Outperform". The firm has "Underperform" rating by Wolf given on Monday, September 14. The stock of Ventas, Inc. (NASDAQ:ZUMZ) earned "Hold" rating by Robert W. Baird on Thursday, September 7. The firm has "Hold" rating given on Saturday, August 8 by Brean Capital. RBC Capital Markets maintained the stock with "Buy" rating in Monday, October 9 report.

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