Bank of America Corporation began coverage on shares of Callon Petroleum Company (NYSE:CPE) in a research note published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the oil and natural gas company’s stock.
Several other analysts have also commented on the company. BMO Capital Markets reaffirmed a buy rating and set a $15.00 target price on shares of Callon Petroleum in a report on Wednesday, September 6th. Citigroup Inc. dropped their target price on Callon Petroleum from $15.00 to $14.00 and set a buy rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada set a $16.00 target price on Callon Petroleum and gave the stock a buy rating in a report on Thursday, August 24th. Zacks Investment Research lowered Callon Petroleum from a hold rating to a sell rating in a report on Tuesday, July 18th. Finally, Northland Securities set a $18.00 target price on Callon Petroleum and gave the stock a buy rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. Callon Petroleum has a consensus rating of Buy and an average price target of $17.50.
Callon Petroleum (CPE) traded up 0.137% on Monday, hitting $10.935. The stock had a trading volume of 1,128,335 shares. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $18.53. The company’s 50 day moving average is $10.90 and its 200-day moving average is $11.18. The stock has a market cap of $2.21 billion, a P/E ratio of 20.829 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 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm’s revenue was up 82.5% on a year-over-year basis. During the same period last year, the business earned ($0.61) earnings per share. Analysts forecast that Callon Petroleum will post $0.47 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Green Square Capital LLC purchased a new position in shares of Callon Petroleum in the first quarter valued at approximately $132,000. Fondren Management LP purchased a new position in shares of Callon Petroleum in the second quarter valued at approximately $106,000. FFT Wealth Management LLC purchased a new position in shares of Callon Petroleum in the second quarter valued at approximately $113,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Callon Petroleum in the first quarter valued at approximately $143,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Callon Petroleum in the second quarter valued at approximately $133,000.
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.
Receive News & Ratings for Callon Petroleum Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum Company and related companies with MarketBeat.com's FREE daily email newsletter.