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The Callon Petroleum Company (NYSE:CPE) is going down by -4.70% in today’s trading session, a fall equivalent to -0.18% of the stock’s price from yesterday’s market close. A news came out on 11/18/19 stating that Paulson & Co. Drops Opposition to Proposed Carrizo Merger & Will Vote In Favor of the Transaction by WSJ. The lowest point that the shares touched during the trading session was $3.82, while the peak of the day was recorded at a share price of $4.355. CPE finished the previous session at $3.94 according to the data provided by Barchart, while the trading volume was observed to be $4066638.

In the 100 days of trading, CPE managed to top a 4.59% Moving average. Additionally, Callon Petroleum Company shares have achieved a 52-week range between 3.68 and 9.82 alongside 100 days raw stochastic set at 3.30%.

The number of shares outstanding, according to the fundamentals of the company, is set at 228.32M, equal to the value of $899.59M in market capitalization. In the last 30 days, Callon Petroleum Company shares went down by -22.42%, adding 4.84 to growth in value, on top of a +1.90% boost since 10/18/19.

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 03/03/2020, a number that would actually represent an increase of 1.02 YOY.

According to the average analyst rating, Callon Petroleum Company would be rated as Buy. Out of 23 different analysts monitoring CPE stock, 18 analysts rate the stock as a BUY, 3 suggest to give the rating of HOLD, 2 indicate that CPE is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.

On November 19, 2019, the stock earned a Downgrade rating due to a new analyst call from Johnson Rice, while analysts from Williams Capital Group believe that the stock is set at Buy, as concluded on July 16, 2019. Imperial Capital, is still rather wary about the stock, deciding to keep the rating at In-line as confirmed through a call on July 16, 2019.

Regardless of the rating, Jefferies did increase their price to $11 as they are considering target share price analysis. Barclays, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 01, 2019, giving the stock a Overweight from the 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 1.53. Additionally, Callon Petroleum Company is recording price volatility of 7.52% for the period of the last seven days and 7.39% 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 4.18% 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 5.65%. Stochastic %K for Callon Petroleum Company, with the last 20 days included, was set at 29.01%, having Stochastic %D topping 42.48%. 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 -39.29% in metrics.

Callon Petroleum Company Insider Watch:

Similarly, 136.98% of the company’s float is held by institutions – and there are 391 institutions in total holding shares of this company. The top three institutional holders of CPE stocks are: Blackrock Inc. with ownership of $152.01 million, which is approximately 35025336 of the company’s shares; Vanguard Group, Inc. (The), holding 23950111 shares of the stock with an approximate value of $103.94 million; and Paulson & Company, Inc., currently with more than 21593523 shares of the company valued at $93.72 million. Positions in Callon Petroleum Company stocks held by institutional investors has been changing actively in the past six months, a period during which there were 9 insider purchases amounting to 163918 shares.