Callon Petroleum Company (NYSE:CPE) has been given a $15.00 price target by research analysts at BMO Capital Markets in a report released on Tuesday. The firm presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ target price points to a potential upside of 51.06% from the company’s current price.
CPE has been the topic of several other research reports. Jefferies Group LLC initiated coverage on Callon Petroleum in a research report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target on the stock. Northland Securities reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a report on Wednesday, November 1st. Zacks Investment Research raised Callon Petroleum from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub lowered Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Bank of America Corporation initiated coverage on Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $17.50.
Callon Petroleum (NYSE:CPE) opened at $9.93 on Tuesday. The stock has a market capitalization of $2,080.93, a PE ratio of 28.64 and a beta of 1.38. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $18.53. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The business’s revenue was up 51.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. equities analysts expect that Callon Petroleum will post 0.41 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Zions Bancorporation acquired a new position in shares of Callon Petroleum during the 3rd quarter worth approximately $105,000. Fondren Management LP acquired a new position in shares of Callon Petroleum during the 2nd quarter worth approximately $106,000. BB&T Securities LLC acquired a new position in shares of Callon Petroleum during the 3rd quarter worth approximately $112,000. FFT Wealth Management LLC acquired a new position in shares of Callon Petroleum during the 2nd quarter worth approximately $113,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Callon Petroleum during the 2nd quarter worth approximately $133,000.
About Callon Petroleum
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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