Let’s Put These Technical Indicators To Work: Yamana Gold Inc. (AUY), Callon Petroleum Company (CPE)

You should consider shares of Yamana Gold Inc. (NYSE:AUY) and Callon Petroleum Company (NYSE:CPE) if you are looking for a great stocks to invest in. Starting with the AUY shares, which traded at $3.82 at the close of the recent session, gaining 3.80%. On Wednesday, the company’s shares shed $0.14 from its value which represented in intraday trading. The stock is now -3.29% lower in year-to-date (YTD) trading. AUY’s intraday high was $3.84 while its lowest price touched $3.72. The stock’s 52-week high price is $4.04, which means the current price is at -5.45%. In terms of trading activity, the daily trading volume rose to 18010667 against 200-day average trading volume of 15,135,733 shares.

What are analyst forecasts for Yamana Gold Inc. (NYSE:AUY)?

At a consensus rating of 3.71, AUY is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 8 analysts recommended, on average, that AUY stock is a Moderate Buy. The Basic Materials company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $3.74 on the day.

Forecasts for Yamana Gold Inc. (NYSE:AUY) give the stock a fair value for the growth of 15.3% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $4.51, which means the price per share could rise by nearly $0.69. The price range target is between a low of $3.50 and a high of $5.50. The stock would need to gain by about $30.55 to hit the estimated high or 0.47% from its 12-month low.

The consensus among 15 analysts is that it is a good time for one to Overweight in the Yamana Gold Inc. 7 analysts rate AUY as a Buy, with 1 of 15 analysts rate it as a Sell. 1 have valued the stock as Overweight and 6 have recommended that investors Hold.

Yamana Gold Inc. (NYSE:AUY) Upgrades and Downgrades

In terms of rating changes, RBC Capital Mkts on December 05, 2019, Resumed Yamana Gold Inc. (AUY) at Sector Perform. Analysts at Credit Suisse have assigned a Outperform rating for the stock in their research note on October 14, 2019. Moreover, National Bank Financial analysts issued a rating of Outperform for the stock on June 28, 2019. On April 26, 2019, the stock earned a Sector Perform rating due to an analyst call from RBC Capital Mkts, while analysts from National Bank Financial on April 18, 2019 suggested that the stock is Sector Perform.

Callon Petroleum Company (NYSE:CPE) adds -$0.01 on Wednesday

The CPE stock has tanked -14.70% year-to-date and is currently trading at $4.12, which is -51.81% below its 52-week high. The company shares lost -0.24% on the day and have risen nearly 17.38% off a low hit. At current levels, Callon Petroleum Company has a valuation of about $637.40M. As of 01/15/20, this stock has fallen -6.79% during the week and closed at $4.13 in the previous session. However, recent Callon Petroleum Company stock performance shows that CPE shares are -3.06% down over the last month, and 5.10% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.2, with the trailing 12-month share earnings at $1.02. The ratio is expected to be down by -8.90% for the current year 2019 and 63.90% for next year. Over the next 5-year period, earnings per share will be 23.49%. But will the CPE stock surprise in the current quarter results, where the $0.19 actual EPS reported on 9/29/2019 surprised by 5.60% or was higher by $0.01 from the estimated $0.18.

Sales Growth to climb 170.50% for the year

How well will Callon Petroleum Company perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $148.6M and $197.47M in current quarter sales. The consensus estimated for the current quarter is $169.09M from sales. Forecasts for this fiscal year are between $624.5M and $688.12M and the consensus estimate for sales is at $645.56M. CPE has its next quarter sales estimates at between $381M and $468.5M, with the quarter-over-quarter growth estimates at 193.80% and the annual growth forecast for the year at 170.50%.

Who owns shares in Callon Petroleum Company (CPE)?

Let’s briefly focus on the share ownership of the Callon Petroleum Company (NYSE:CPE) stock, where we find that 88.00% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 35.03 million shares or 15.34% of shares outstanding. Vanguard Group, Inc. (The) and Paulson & Company, Inc. held 23.95 million and 21.59 million representing 10.49% and 9.45% respectively at the close of the last trading session. As of Sep 29, 2019, Dimensional Fund Advisors LP accounted for 19.18 million shares at over 83.24 million. This represented 8.40% of shares outstanding. State Street Corporation held 15.65 million shares at over 67.93 million representing 6.85% of shares outstanding.

CPE Insider Activity

On 12/31/2019, President & Chief Executive Officer by the name Gatto Joseph C Jr sold 32152.0 shares worth $155300.0 at the price of $4.83 per share. Filings also show that Gatto Joseph C Jr sold a total of 14517.0 shares on 5/13/2019 valued at $110800.0. Since the last insider activity, the company’s share price has dropped -46.00%.