QUOTE AND NEWS
OilVoice  Aug 9  Comment 
Callon Petroleum Company NYSE CPE today reported results of operations for the three months ended June 30 2016. Financial and operational highlights for the second quarter of 2016 and other recen
Benzinga  Jun 30  Comment 
Although Citi likes the high quality, small cap oil exposure which Callon Petroleum Co (NYSE: CPE) provides, an analyst at the firm still initiated the stock with a Neutral rating and $12 price target Thursday. One of the reasons the analyst...
Benzinga  Jun 29  Comment 
Citi Research initiated coverage on Callon Petroleum Company (NYSE: CPE) with a Neutral rating. According to the report published Wednesday, the company has quality assets and good balance sheet, but needs more inventory for meaningful...
OilVoice  May 31  Comment 
Callon Petroleum Company NYSE CPE today announced the closing of its previously announced acquisition of certain assets in the Midland Basin operated by Big Star Oil and Gas LLC including approxi
Benzinga  May 18  Comment 
Church & Dwight Co., Inc. (NYSE: CHD) shares reached a new 52-week high of $98.45 following unconfirmed market reports the company is being eyed as an acquisition target by Durex and Procter & Gamble Co (NYSE: PG). Negocios.com reported that Durex...
Motley Fool  May 16  Comment 
The market has spoken, and the best shale oil acreage in the world is found in the Permian Basin.




 
TOP CONTRIBUTORS

Callon Petroleum Company (CPE), another of the oil stocks, has been on an uptrend since what appears to be a "hammer" formation on 7/21/03 (as seen on the weekly 5-year chart), but with weakness by waivering above and below the 50-day and 200-day moving averages until September 2007, when it corrected and took off from there.

The stock has been trending up since September '07 in a two-steps-forward, one-step-back fashion, correcting as needed. The institutional investors have also thought this was a good stock, and they have been increasing their holdings (albeit slowly) in the stock. Additionally, the RSI (relative strength index) has been steadily increasing since September, when it crossed into positive territory placing CPE among the healthy stocks in the market (and possibly a future leader), even though the price is only in the mid-20's and not in the hundreds such as other monsters in the group.

Technically, the stock has some work to do before it becomes a sound investment. Currently, the 50-day moving average is at $17.18, which means that the stock would need to at least pull back to that level or base [move sideways] in a tight trading range until the moving average catches up with the stock BEFORE one should even consider investing in this stock.



References

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