Callon Petroleum Company (NYSE:CPE) lost -$0.15 before the end of the regular trading session on Tuesday, hitting $13.70. Turning now to volume, 4.45 million shares of this company’s stock were traded. Callon Petroleum Company (NYSE:CPE) has seen its stock have a 1-year low price of $9.34 as well as a 1-year high price of $14.65. Currently, this company’s debt-to-equity ratio is 0.35, its quick ratio is 0.60, its current ratio is 0.60. This organization, at the moment, a beta score of 1.18, a market cap of $2.84B, and its PE ratio is 22.76.
Imperial Capital Reiterated shares of Callon Petroleum Company (NYSE:CPE) to a Outperform rating in a report posted on Thursday, March 1st, 2018. At the present, they have a price target for the Independent Oil & Gas set at $21. Several additional equities analysts have also published recent reports on CPE stock. B. Riley FBR, Inc., for example, Initiated Callon Petroleum Company to Neutral in a report that was made public on Tuesday, February 6th, 2018. Deutsche Bank Initiated a $15 price target on Callon Petroleum Company in a report from Friday, February 2nd, 2018, while giving the stock to a Buy rating. In a report sent out on Thursday, January 4th, 2018, Piper Jaffray Initiated the stock rating on Callon Petroleum Company to a Overweight. Lastly, from a Buy rating to Neutral rating on shares of Callon Petroleum Company was Downgrade by Citigroup on the company’s stock. In total, 3 Wall Street analysts have given this stock a hold rating, with 15 analysts rating it as a strong buy. At the time of writing, this stock has a consensus price target set at $16.72 and average analyst rating set to Moderate Buy.
There is a technical analysis indicator called the Relative Strength Index, or RSI, and analysts use it to measure momentum within a range of 0 to 100. When a stock’s RSI falls under 30, it is considered to be oversold. For Callon Petroleum Company, specifically, the RSI metric has reached 52.95. Callon Petroleum Company (NYSE:CPE) has gained 31.73% in value over the last three months, and 16.89% over the last six-month period. Over the last full year, the stock price has gained 8.82% .
Let’s move onto another metric: volatility. This term refers to the price range of a stock where a day trader makes his or her trades, which is essentially a measure of a specific stock’s predictably price range per day. Higher levels of volatility indicate higher profits or losses. After recently verifying the number, Callon Petroleum Company (NYSE:CPE) stock has a volatility measurement of 3.13% for the week, with 3.56% volatility as observed from the past 30 days. The public company has 207.19M shares outstanding currently, as well as a market cap of $2.84B. This stock’s distance from its 20-day simple moving average is -1.58% , based on a recent bid, while its distance from the 50-day simple moving average is currently 6.37%. Meanwhile, it has a distance of 18.88% from the 200-day simple moving average. Today, this organization is sitting -6.48% away from its 52-week high price and 46.68% away from its 52-week low price.
There is another metric that stock traders who are more detail-oriented will focus on: the Williams Percent Range or Willams %R. This metric is a popular technical indicator first created by Larry Williams, its founder, and it enables traders to identify overbought and oversold stock territory. Seasoned stock traders will usually use the Williams %R metric in combination with other trend indicators to enable the locating of possible turning points in a specific stock’s price path. Callon Petroleum Company (NYSE:CPE)’s Williams Percent Range, or 14-day Williams %R, is sitting at 64.19 at the time of writing. Generally speaking, if the indicator rises above -20, the shares may be overbought. On the flip side, if the indicator goes below -80, it may mean that the stock has crossed over into oversold territory.
Oftentimes, investors will keep tables on the most recent stock price support and resistance levels. When we say support, we mean the lower “floor” level where a company’s stock may bounce back after falling. If the stock’s price can breach the first support level, then the general investor attention might transition to the second level. Resistance, on the other hand, is the opposite. While a certain stock increases in value, it might see a plunge as it reaches a specific level of resistance on the higher end.After a recent examination, this company’s shares’ first resistance level is sitting at 13.89. Meanwhile, investors are looking out for the first support level, which is 13.45.