Callon Petroleum Company (CPE) Now Covered by Tudor Pickering

Stock analysts at Tudor Pickering started coverage on shares of Callon Petroleum Company (NYSE:CPE) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $26.00 price target on the oil and natural gas company’s stock. Tudor Pickering’s price objective points to a potential upside of 156.66% from the company’s current price.

A number of other research firms have also issued reports on CPE. Royal Bank Of Canada set a $20.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a research note on Tuesday, April 25th. BMO Capital Markets set a $16.00 price objective on Callon Petroleum Company and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Canaccord Genuity reiterated a “buy” rating and set a $22.00 price objective on shares of Callon Petroleum Company in a research note on Tuesday, February 28th. Deutsche Bank AG decreased their target price on Callon Petroleum Company from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. Finally, Scotiabank restated a “buy” rating and issued a $18.00 target price on shares of Callon Petroleum Company in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.39.

Analyst Recommendations for Callon Petroleum Company (NYSE:CPE)

Callon Petroleum Company (CPE) traded down 1.68% during midday trading on Tuesday, hitting $9.96. The stock had a trading volume of 811,932 shares. Callon Petroleum Company has a 1-year low of $9.78 and a 1-year high of $18.53. The stock’s 50-day moving average is $11.67 and its 200-day moving average is $13.44. The stock’s market capitalization is $2.00 billion.

Callon Petroleum Company (NYSE:CPE) last released its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Callon Petroleum Company had a positive return on equity of 4.23% and a negative net margin of 1.42%. The company had revenue of $81.36 million for the quarter, compared to analyst estimates of $80.22 million. On average, equities research analysts anticipate that Callon Petroleum Company will post $0.60 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Callon Petroleum Company by 29.0% in the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock worth $277,902,000 after buying an additional 4,749,928 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Callon Petroleum Company by 4.3% in the first quarter. Vanguard Group Inc. now owns 16,158,249 shares of the oil and natural gas company’s stock valued at $212,642,000 after buying an additional 667,220 shares in the last quarter. FMR LLC boosted its stake in shares of Callon Petroleum Company by 15.7% in the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock valued at $199,996,000 after buying an additional 2,067,650 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Callon Petroleum Company by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after buying an additional 12,089,389 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Callon Petroleum Company by 56.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock valued at $96,510,000 after buying an additional 2,642,192 shares in the last quarter.

Callon Petroleum Company 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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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