Callon Petroleum Co. (NYSE:CPE) had its price objective upped by Imperial Capital from $16.00 to $18.00 in a research note published on Friday morning. They currently have an outperform rating on the stock.
Several other equities analysts have also commented on the stock. Evercore ISI assumed coverage on shares of Callon Petroleum in a report on Wednesday, September 28th. They issued a buy rating and a $20.00 price objective on the stock. BMO Capital Markets began coverage on shares of Callon Petroleum in a report on Thursday, September 22nd. They set an outperform rating and a $20.00 target price on the stock. KLR Group reiterated a buy rating and set a $21.00 target price (up from $18.00) on shares of Callon Petroleum in a report on Tuesday, September 13th. FBR & Co increased their target price on shares of Callon Petroleum from $17.00 to $19.00 and gave the stock an outperform rating in a report on Friday, September 9th. Finally, Canaccord Genuity increased their target price on shares of Callon Petroleum from $15.00 to $18.00 and gave the stock a buy rating in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $15.25.
Shares of Callon Petroleum (NYSE:CPE) opened at 15.70 on Friday. The firm’s market capitalization is $2.06 billion. The stock’s 50 day moving average is $14.51 and its 200 day moving average is $11.67. Callon Petroleum has a 1-year low of $4.21 and a 1-year high of $15.91.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.04 by $0.65. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. The company earned $45.14 million during the quarter, compared to analyst estimates of $47.75 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. Equities analysts predict that Callon Petroleum will post $0.26 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of CPE. Legal & General Group Plc increased its position in shares of Callon Petroleum by 13.1% in the first quarter. Legal & General Group Plc now owns 12,043 shares of the company’s stock valued at $106,000 after buying an additional 1,395 shares during the last quarter. US Bancorp DE increased its position in shares of Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock valued at $107,000 after buying an additional 2,730 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Callon Petroleum during the second quarter valued at about $115,000. Capital Fund Management S.A. acquired a new position in shares of Callon Petroleum during the second quarter valued at about $116,000. Finally, Genesee Valley Trust Co. acquired a new position in shares of Callon Petroleum during the second quarter valued at about $119,000. 83.09% of the stock is currently owned by institutional investors.
Callon Petroleum Company Profile
Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
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