Callon Petroleum Co. (NYSE:CPE) had its price objective boosted by Imperial Capital from $16.00 to $18.00 in a research note published on Friday. They currently have an outperform rating on the stock.
CPE has been the subject of several other reports. Citigroup Inc. upped their price objective on Callon Petroleum from $12.50 to $14.00 and gave the stock a neutral rating in a research report on Thursday, August 11th. Canaccord Genuity upped their price objective on Callon Petroleum from $15.00 to $18.00 and gave the stock a buy rating in a research report on Thursday, September 8th. FBR & Co upped their price objective on Callon Petroleum from $15.00 to $17.00 and gave the stock an outperform rating in a research report on Wednesday, August 10th. Evercore ISI assumed coverage on Callon Petroleum in a research report on Wednesday, September 28th. They set a buy rating and a $20.00 price objective for the company. Finally, Zacks Investment Research raised Callon Petroleum from a hold rating to a buy rating and set a $12.00 price objective for the company in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $15.33.
Shares of Callon Petroleum (NYSE:CPE) opened at 15.67 on Friday. The company’s market capitalization is $2.05 billion. The stock’s 50 day moving average price is $14.66 and its 200-day moving average price is $11.85. Callon Petroleum has a 52-week low of $4.21 and a 52-week high of $15.91.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.65. The firm had revenue of $45.14 million for the quarter, compared to analyst estimates of $47.75 million. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, analysts expect that Callon Petroleum will post $0.26 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in CPE. Legal & General Group Plc boosted its stake in Callon Petroleum by 13.1% in the first quarter. Legal & General Group Plc now owns 12,043 shares of the company’s stock worth $106,000 after buying an additional 1,395 shares during the last quarter. US Bancorp DE boosted its stake in Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock worth $107,000 after buying an additional 2,730 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Callon Petroleum during the second quarter worth about $115,000. Capital Fund Management S.A. acquired a new stake in Callon Petroleum during the second quarter worth about $116,000. Finally, Genesee Valley Trust Co. acquired a new stake in Callon Petroleum during the second quarter worth about $119,000. 83.09% of the stock is 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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