Recent Investment Analysts’ Ratings Updates for Callon Petroleum Company (CPE)

Callon Petroleum Company (NYSE: CPE) recently received a number of ratings updates from brokerages and research firms:

  • 3/12/2017 – Callon Petroleum Company had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $17.00 price target on the stock.
  • 3/9/2017 – Callon Petroleum Company was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating.
  • 3/7/2017 – Callon Petroleum Company had its price target lowered by analysts at Deutsche Bank AG from $19.00 to $18.00. They now have a “buy” rating on the stock.
  • 3/1/2017 – Callon Petroleum Company had its price target lowered by analysts at FBR & Co from $20.00 to $17.00. They now have an “outperform” rating on the stock.
  • 3/1/2017 – Callon Petroleum Company had its price target lowered by analysts at Mizuho from $18.00 to $14.00. They now have a “neutral” rating on the stock.
  • 2/28/2017 – Callon Petroleum Company had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $22.00 price target on the stock.
  • 2/28/2017 – Callon Petroleum Company was given a new $18.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 2/22/2017 – Callon Petroleum Company was given a new $23.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 1/31/2017 – Callon Petroleum Company had its price target raised by analysts at Credit Suisse Group AG from $19.00 to $21.00. They now have an “outperform” rating on the stock.

Callon Petroleum Company (NYSE:CPE) traded up 0.379% on Monday, hitting $11.905. 2,026,611 shares of the stock were exchanged. The company has a 50 day moving average of $13.46 and a 200 day moving average of $14.74. Callon Petroleum Company has a one year low of $7.85 and a one year high of $18.53. The stock’s market capitalization is $2.39 billion.

Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings data on Monday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $69.10 million for the quarter, compared to analyst estimates of $72.03 million. Callon Petroleum Company had a negative net margin of 122.93% and a positive return on equity of 4.44%. The firm’s revenue for the quarter was up 105.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, equities research analysts forecast that Callon Petroleum Company will post $0.56 earnings per share for the current fiscal year.

In related news, VP Jerry A. Weant sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $14.45, for a total transaction of $57,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.61% of the stock is currently owned by insiders.

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.

5 Day Chart for NYSE:CPE

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