BMO Capital Markets set a $15.00 target price on Callon Petroleum Company (NYSE:CPE) in a report issued on Tuesday morning. The firm currently has a buy rating on the oil and natural gas company’s stock.
CPE has been the subject of several other research reports. Zacks Investment Research upgraded shares of Callon Petroleum from a sell rating to a hold rating in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $16.00 target price on shares of Callon Petroleum and gave the stock a buy rating in a research note on Thursday, August 24th. Citigroup Inc. reduced their target price on shares of Callon Petroleum from $17.00 to $15.00 and set a buy rating for the company in a research note on Thursday, July 13th. BidaskClub upgraded shares of Callon Petroleum from a strong sell rating to a sell rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC initiated coverage on shares of Callon Petroleum in a research note on Monday. They issued a buy rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $17.50.
Shares of Callon Petroleum (NYSE CPE) opened at 10.93 on Tuesday. The firm has a 50-day moving average of $10.77 and a 200-day moving average of $11.23. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $18.53. The firm has a market cap of $2.21 billion, a PE ratio of 20.82 and a beta of 1.43.
Callon Petroleum (NYSE:CPE) last posted its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. During the same quarter in the previous year, the company earned ($0.61) EPS. The business’s revenue was up 82.5% compared to the same quarter last year. On average, analysts expect that Callon Petroleum will post $0.48 EPS for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fondren Management LP purchased a new stake in Callon Petroleum during the second quarter valued at about $106,000. FFT Wealth Management LLC purchased a new stake in Callon Petroleum during the second quarter valued at about $113,000. Green Square Capital LLC purchased a new stake in Callon Petroleum during the first quarter valued at about $132,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Callon Petroleum during the second quarter valued at about $133,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Callon Petroleum during the first quarter valued at about $143,000.
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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.
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