Published: Fri, June 16, 2017
Markets | By Noel Gibbs

Callon Petroleum Company (CPE) Technical Analysis: Support and Resistance on Stock Charts

Callon Petroleum Company (CPE) Technical Analysis: Support and Resistance on Stock Charts

As of the end of the quarter Mackenzie Financial Corp had sold a total of 37,500 shares trimming its position 68.2%. Callon Petroleum Co now has $2.24B valuation. A lower P/B ratio could mean that the stock is undervalued. For the next 5 years, Callon Petroleum Company is expecting Growth of 75.09% per annum, whereas in the past 5 years the growth was 53.66% per annum. It has underperformed by 4.41% the S&P500.

Zimmer Partners Lp decreased Dominion Res Inc Va New stake by 1.74M shares to 273,695 valued at $13.85 million in 2016Q4. It also upped Wesco Intl Inc (NYSE:WCC) stake by 46,956 shares and now owns 157,600 shares.

Since February 14, 2017, it had 0 insider buys, and 1 sale for $57,800 activity. The stock has "Outperform" rating by FBR Capital on Thursday, November 5. After posting $0.10 EPS for the previous quarter, Callon Petroleum Company's analysts now forecast 30.00 % EPS growth. Therefore 67% are positive. Callon Petroleum Company has a 52-week low of $10.29 and a 52-week high of $18.53. On Thursday, September 15 the stock rating was downgraded by Bank of America to "Underperform". The firm earned "Overweight" rating on Tuesday, October 13 by JP Morgan.

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Equity analyst released its first research report on the stock giving it an initial rating of "Neutral" and setting a price target of $16.00. As per Friday, June 2, the company rating was maintained by RBC Capital Markets. The company was initiated on Thursday, March 23 by UBS. Kepler Cheuvreux maintained Fuchs Petrolub SE (ETR:FPE) rating on Friday, October 2.

This increase is typical for the uptrend and shows the considerable optimism among investors. Its down 0.10, from 1 in 2016Q3.

Large investors have recently bought and sold shares of the company. 66 funds opened positions while 111 raised stakes. Magnetar Fin Ltd owns 0.48% invested in Callon Petroleum Company (NYSE:CPE) for 2.30M shares. Pitcairn holds 0.03% or 17,855 shares in its portfolio. Point72 Asia (Hong Kong) reported 2,810 shares. So is with Callon Petroleum Company. BMO Capital Markets set a $16.00 price target on Callon Petroleum Company and gave the stock a "buy" rating in a research report on Tuesday, May 2nd. 3,640,656 shares of the stock traded hands. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Hap Trading Ltd Liability Com invested in 22,016 shares. Raymond James Fincl Services Advsr reported 0.05% of its portfolio in VF Corp (NYSE:VFC). 22,505 were accumulated by Aperio Group. Finally, Hancock Holding Co. increased its position in Callon Petroleum Company by 3.5% in the first quarter. The Texas-based Bridgeway Cap Management has invested 0.09% in Callon Petroleum Company (NYSE:CPE). Moreover, Glenmede Na has 0.18% invested in Callon Petroleum Company (NYSE:CPE). Aperio Grp Ltd Liability Corp accumulated 0% or 22,505 shares. For the current quarter Callon Petroleum Company (NYSE:CPE) has high EPS estimates of $0.19 in contradiction of low EPS estimates of $0.05. Bridgeway stated it has 436,700 shares or 0.09% of all its holdings. VFC's profit will be $125.25M for 44.95 P/E if the $0.31 EPS becomes a reality.

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The target price for Callon Petroleum Company (CPE) is $18.11/share according to the consensus of analysts working on the stock, with an expected EPS of $0.13/share for the current quarter.

Investors sentiment increased to 1.71 in 2016 Q4.

Institutional investors have recently modified their holdings of the stock. Kidder Stephen W owns 0.52% invested in Gilead Sciences, Inc.

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Finally, from a technical perspective, there's a strong possibility that the stock could enter into a new bull market after finding strong support between $11 and $11.25. Credit Agricole S A owns 484,600 shares. Moreover, Hollow Brook Wealth Ltd Liability Corporation has 8.37% invested in Gilead Sciences, Inc. 224,770 are held by Geode Cap Management Lc. The United Kingdom-based Barclays Plc has invested 0% in the stock. 206.80 million shares or 26.07% more from 164.04 million shares in 2016Q3 were reported.

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