How Did Callon Petroleum’s Stock Perform in 2016?



Trends in Callon Petroleum’s moving averages

Callon Petroleum’s (CPE) stock was mostly on an uptrend in 2016. CPE’s stock was mostly trading above its 50-day MA (moving average). The periods it was trading under the 50-day MA were relatively shorter (see image below). On January 4, 2017, CPE was trading 5% above its 50-day MA.

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Callon Petroleum’s 200-day moving average

Callon Petroleum’s stock was also trading above its 200-day MA for most of 2016. On January 4, 2017, CPE’s stock was trading ~21% above its 200-day moving average.

CPE’s stock has risen 98% YoY (year-over-year). Meanwhile, peers SM Energy (SM), Sanchez Energy (SN), and Newfield Exploration (NFX) have risen 78%, 113%, and ~32% in the same period. SM and NFX make up 1.8% of the First Trust Energy AlphaDEX (FXN).


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