June 20, 2018 - 8:00 AM EDT
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Today's Research Reports on Trending Tickers: Callon Petroleum and Carrizo Oil & Gas

NEW YORK, NY / ACCESSWIRE / June 20, 2018 / U.S. equities slumped on Tuesday as global trade concerns grew after President Trump threatened to impose an additional $400 billion in tariffs on goods from China. The Dow Jones Industrial Average plunged 1.15 percent to close at 24,700.21, while the S&P 500 Index declined 0.40 percent to close at 2,762.59. The Nasdaq Composite Index dropped 0.28 percent to close at 7,725.58.

''This is bad ... real bad, unless this is gamesmanship as in the so called ‘Art of the Deal.’ Either way, U.S. companies are more protected from market fallout from trade barriers than other developed countries, which has allowed the U.S. to take charge on these tariffs,'' said Voya Investment Management strategists Doug Coté and Karyn Cavanaugh.

RDI Initiates Coverage on:

Callon Petroleum Company
https://rdinvesting.com/news/?ticker=CPE

Carrizo Oil & Gas, Inc.
https://rdinvesting.com/news/?ticker=CRZO

Callon Petroleum's stock jumped 3.71% Tuesday, to close the day at $10.61. The stock recorded a trading volume of 7,751,035 shares, which was above its three months average volume of 6,104,328 shares. In the last year, Callon Petroleum's shares have traded in a range of 9.34 - 14.65. The share price has gained 13.6% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $12.35 is above its 200-day moving average of $12.05. Shares of the company are trading at a Price to Earnings ratio of 17.57. Shares of Callon Petroleum have fallen roughly 21.81 percent in the past month and are down 12.67 percent year-to-date.

Access RDI's Callon Petroleum Company Research Report at:
https://rdinvesting.com/news/?ticker=CPE

On Tuesday, shares of Carrizo Oil & Gas recorded a trading volume of 3,611,140 shares, which was above the three months average volume of 3,267,001 shares. The stock ended the day 1.79% higher at $28.36. The share price has fallen 1.25% from its 52 week high with a 52 week trading range of 11.10 - 28.72. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $24.91 is above its 200-day moving average of $20.40. Shares of the company are trading at a Price to Earnings ratio of 41.71. Shares of Carrizo Oil & Gas have gained roughly 5.66 percent in the past month and are up 33.27 percent year-to-date.

Access RDI's Carrizo Oil & Gas, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CRZO

Our Actionable Research on Callon Petroleum Company (NYSE: CPE) and Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com


Source: ACCESSWIRE Investor Awareness (June 20, 2018 - 8:00 AM EDT)

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