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Callon Petroleum Company (CPE) [hlAlert]

Rating:
Hold CPE
down 31.30 %

Callon Petroleum Company (CPE) downgraded to Hold by Noble Financial

Posted on: Thursday,  Mar 5, 2015  9:25 AM ET by Noble Financial

Noble Financial rated Hold Callon Petroleum Company (NYSE: CPE) on 03/05/2015. Previously Noble Financial rated Buy Callon Petroleum Company (NYSE: CPE) on
05/13/2014., when the stock price was $10.19. Since then, Callon Petroleum Company has lost 31.31% as of 03/05/2015's recent price of $7.00.
If you would have followed the previous Noble Financial's recommendation on CPE, you would have lost 31.3% of your investment in 296 days.

Callon Petroleum Company (Callon) is engaged in the exploration, development, acquisition and production of oil and gas properties. The Company?s properties are geographically concentrated primarily offshore in the Gulf Coast Region both onshore and offshore. As of December 31, 2008, Callon owned working interests in a total of 86 blocks/leases covering 193,000 net acres. As of December 31, 2008, the Company?s estimated net proved reserves totaled 54.8 billion cubic feet of natural gas equivalent (Bcfe) and included six million barrels of oil (MMBbls) and 18.7 billion cubic feet of natural gas (Bcf). Oil constitutes approximately 66% on an equivalent basis of its total estimated proved reserves and approximately 76% of its total estimated proved reserves are proved developed reserves. On April 8, 2008, the Company sold a 50% working interest in the Entrada field to CIECO Energy (US) Limited (CIECO).

A clear and concise focus. Identifying the emerging small or micro cap company. Recognizing the entrepreneurial character and organizational commitment of its executives and employees. Observing unstoppable drive to exploit opportunities while tackling obstacles. Understanding the company's essential products, services and technologies. Following only those who deserve our attention.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/5/2015 9:25 AM Hold
None
7.00
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD down  -31.30 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/13/2014 12:00 AM Buy
None
10.19 13.00
3/20/2014 8:25 AM Hold
None
8.21

(*) Stock Price at the time of the recommendation.
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