BidaskClub upgraded shares of Callon Petroleum Company (NYSE:CPE) from a strong sell rating to a sell rating in a research report report published on Wednesday, June 28th.
Several other equities research analysts have also recently weighed in on CPE. UBS AG began coverage on shares of Callon Petroleum in a research report on Thursday, March 23rd. They set a buy rating and a $16.00 price objective for the company. Roth Capital set a $23.00 price target on shares of Callon Petroleum and gave the stock a buy rating in a report on Saturday, April 1st. Credit Suisse Group restated an outperform rating and issued a $18.00 price target on shares of Callon Petroleum in a report on Friday, June 2nd. Royal Bank Of Canada set a $20.00 price target on shares of Callon Petroleum and gave the stock a buy rating in a report on Saturday, June 3rd. Finally, BMO Capital Markets set a $16.00 price target on shares of Callon Petroleum and gave the stock a buy rating in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company. Callon Petroleum presently has an average rating of Buy and a consensus target price of $17.73.
Shares of Callon Petroleum (NYSE:CPE) traded up 0.87% during mid-day trading on Wednesday, reaching $11.55. The company’s stock had a trading volume of 3,463,918 shares. Callon Petroleum has a 12 month low of $9.63 and a 12 month high of $18.53. The stock’s market capitalization is $2.32 billion. The company has a 50 day moving average price of $10.66 and a 200 day moving average price of $12.42.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. Callon Petroleum had a negative net margin of 1.42% and a positive return on equity of 4.23%. The company had revenue of $81.36 million during the quarter, compared to analysts’ expectations of $80.22 million. On average, equities research analysts anticipate that Callon Petroleum will post $0.55 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Callon Petroleum by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock valued at $110,000 after buying an additional 3,896 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Callon Petroleum by 296.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company’s stock valued at $114,000 after buying an additional 5,506 shares in the last quarter. Strs Ohio boosted its position in shares of Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after buying an additional 600 shares in the last quarter. Green Square Capital LLC purchased a new position in shares of Callon Petroleum during the first quarter valued at approximately $132,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Callon Petroleum during the first quarter valued at approximately $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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