Can These Stocks Continue To Spark? – Callon Petroleum Company (CPE), GMS Inc. (GMS)

Callon Petroleum Company (NYSE:CPE) popped in on a low volume red day. Volume on 29-Jun-18 came in at 6.01 million contracts. The daily trading volume has averaged 6.51 million shares a day in past 3 months. The first sale was made at $10.92 but later the stock became weaker, and closed with a fall of -1.56%. It was last traded at $10.74 apiece.

Callon Petroleum Company (CPE): Outperform Candidate With 56.42% Upside Potential

Callon Petroleum Company is maintained at an average outperform rating by 26 stock analysts, and there are at least 19.47% of shares outstanding that are currently legally short sold. The shares went down by -9.29% in value last month. Year-to-date it plunged -11.6%. Analysts are turning out to be more optimistic than before, with 20 of analysts who cover Callon Petroleum Company (NYSE:CPE) advice adding it to buy candidate list. Wall Street experts also assign a $16.8 price target on Callon Petroleum Company, pointing towards a 56.42% rally from current levels. The stock is trading for about -26.69% less than its 52-week high.

Callon Petroleum Company Reports 0.56% Sales Growth

Callon Petroleum Company (CPE) remained unsuccessful in beating the consensus-estimated $0.21 as it actually earned $0.2 per share in its last reported financial results. Revenue, on the other hand, scored 0.56% growth from the previous quarter, coming up with $118.87 million.

CPE Retreats -0.56% In A Week

This company shares (CPE) so far managed to recover 14.99% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 3.72% while shortening the period to a week, volatility was 4.64%. The share price has already crossed its 20 days moving average, floating at a distance of 2.25% and sits -12.88% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned -0.56% losses and is down by -8.2% compared with its 200-day moving average of $12.02. Also, Callon Petroleum Company (CPE) needs to expand a 2.87% increase it experienced over the past twelve months.

GMS Inc. (NYSE:GMS) Consensus Call At 1.8

As regular trading ended, GMS Inc. (GMS) stock brought in a $1.22 rise to $27.09. The day started at a price of $27.74 but then traded as high as $28.08 before giving part of the gains back. As for this week, analysts appear content to stick with their bright outlook with the consensus call at 1.8. GMS Inc. is given 4 buy-equivalent recommendations, 0 sells and 1 holds. The company shares sank -32.24% from their peak of $39.98 and now has a $1.27 billion market value of equity.

GMS Inc. Could Grow 43.6% More

GMS’s mean recommendation on Reuter’s scale slipped from 1.78 thirty days ago to 1.67 now, which indicates a buy consensus from the analyst community. They see GMS Inc. (GMS) price hitting a mean target of $38.9 a share, meaning the stock still has potential that could lift the price another 43.6% Also, the recent close suggests the stock is underpriced by 51.35% compared to the most bullish target.

GMS Inc. (GMS) Returns -28.03% This Year

The company had seen its current volume reaching at 1.43 million shares in the last trade. That compares with the recent volume average of 0.42 million. At the close of regular trading, its last week’s stock price volatility was 3.39% which for the month reaches 6.44%. GMS Inc. dipped to as low as $26.94 throughout the day and has returned -28.03% in this year. At one point in the past year, the shares traded as low as $23.50 but has recovered 15.28% since then.