Short Interest Alert: Is Buying Callon Petroleum Company Del (NYSE:CPE), Having Higher Short Interest a Winning Strategy?

November 30, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Alert: Is Buying Callon Petroleum Company Del (NYSE:CPE), Having Higher Short Interest a Winning Strategy?

The stock of Callon Petroleum Company Del (NYSE:CPE) registered an increase of 5.17% in short interest. CPE’s total short interest was 24.24M shares in November as published by FINRA. Its up 5.17% from 23.05M shares, reported previously. With 3.62M shares average volume, it will take short sellers 7 days to cover their CPE’s short positions. The short interest to Callon Petroleum Company Del’s float is 18.65%. About 26,334 shares traded hands. Callon Petroleum Company (NYSE:CPE) has risen 31.96% since April 27, 2016 and is uptrending. It has outperformed by 26.74% the S&P500.

Callon Petroleum Company is an independent oil and natural gas company. The company has a market cap of $2.23 billion. The Firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It currently has negative earnings. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.

Insitutional Activity: The institutional sentiment decreased to 1.55 in Q2 2016. Its down 0.83, from 2.38 in 2016Q1. The ratio dropped, as 19 funds sold all Callon Petroleum Company shares owned while 41 reduced positions. 60 funds bought stakes while 83 increased positions. They now own 125.08 million shares or 27.96% more from 97.75 million shares in 2016Q1.
Credit Suisse Ag reported 146,708 shares or 0% of all its holdings. Virginia Retirement Systems Et Al holds 139,500 shares or 0.02% of its portfolio. Parametric Associate Limited Liability Corp has 0% invested in the company for 94,617 shares. Putnam Ltd owns 642,433 shares or 0.02% of their US portfolio. Wellington Mngmt Gp Llp has 7.44M shares for 0.02% of their US portfolio. Hbk Investments Ltd Partnership has invested 0.08% of its portfolio in Callon Petroleum Company (NYSE:CPE). Connor Clark And Lunn Invest Management Ltd reported 1.96 million shares or 0.16% of all its holdings. Capstone Advisors Limited Liability Com, a New York-based fund reported 13,395 shares. Ladenburg Thalmann Finance owns 687 shares or 0% of their US portfolio. Kcg has invested 0.03% of its portfolio in Callon Petroleum Company (NYSE:CPE). Arosa Cap Mngmt Limited Partnership accumulated 0.29% or 210,972 shares. Sir Mngmt Lp, a New York-based fund reported 1.38 million shares. Gabelli Funds Limited has 270,271 shares for 0.02% of their US portfolio. Whittier Co accumulated 2 shares or 0% of the stock. Emerald Mutual Fund Advisers Tru last reported 0.52% of its portfolio in the stock.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Out of 21 analysts covering Callon Petroleum (NYSE:CPE), 18 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. Callon Petroleum has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, February 9, the company rating was maintained by Imperial Capital. The stock of Callon Petroleum Company (NYSE:CPE) has “Hold” rating given on Thursday, August 6 by Zacks. The rating was maintained by Canaccord Genuity on Thursday, September 8 with “Buy”. As per Thursday, April 28, the company rating was maintained by iBERIA Capital Partners. Wunderlich maintained it with “Buy” rating and $16 target price in Thursday, May 26 report. As per Tuesday, February 2, the company rating was maintained by RBC Capital Markets. As per Friday, September 30, the company rating was maintained by Imperial Capital. The company was initiated on Wednesday, September 28 by Evercore. Citigroup maintained the stock with “Neutral” rating in Thursday, August 11 report. FBR Capital maintained Callon Petroleum Company (NYSE:CPE) on Thursday, November 5 with “Outperform” rating.

CPE Company Profile

Callon Petroleum Company, incorporated on March 29, 1994, is an independent oil and natural gas company. The Firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Firm focuses on the acquisition, development, exploration and exploitation of unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. The Company’s asset base is concentrated in the Midland Basin located within the broader Permian Basin. The Company’s activities are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale.

Another recent and important Callon Petroleum Company (NYSE:CPE) news was published by Prnewswire.com which published an article titled: “Callon Petroleum Company Announces Upcoming Investor Events” on November 17, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Nellie Frank


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>