This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 10 Penny Stocks of 2010

5. Callon Petroleum (CPE - Get Report) is an oil and gas exploration and production company based in Natchez, Miss. Shares traded close to $30 in 2008 before plunging below $1 in May 2009. Callon finished 2009 at $1.50.

Closing Price: $6.97 (June 16)

Total Return (YTD): 364.7%

Developments in 2010: In March, Callon posted a fourth-quarter profit of $2.27 a share, compared with a net loss of $21.19 a share in the year-ago quarter as revenue surged more than 350% to $70.9 million. In April, the company regained compliance with the New York Stock Exchange's listing requirements, and a month later Callon notched a first-quarter profit of 13 cents a share, which exceeded analysts' targets. Earlier this month, Callon said it has a second on-shore drilling rig in the Permian Basin of West Texas that is set to begin drilling operations on July 1. Callon also said the oil spill in the Gulf of Mexico "has not impacted any of Callon's offshore operations or production."

Valuation: Analysts have a mixed view on Callon Petroleum. The stock has two buy ratings, one hold and one sell from firms covering the stock. The most bullish stock price target is $6, which is below where Callon shares currently trade. With a forward price-to-earnings ratio of 13.47, Callon offers a discount to the average P/E ratio of other oil and gas producers, which is close to 30, according to Bloomberg. Callon also offers value on a price-to-sales ratio, although it is very expensive on a price-to-book ratio. With a book value of 32 cents per share, Callon's P/B ratio is over 20.
6 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ZANE $0.07 0.00%
DEAR $0.01 0.00%
CPE $10.35 0.00%
AAPL $95.18 0.00%
FB $117.43 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs