Callon Petroleum Co. (NYSE:CPE) had its target price lifted by equities research analysts at KeyCorp from $19.00 to $20.00 in a research report issued on Tuesday. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 29.45% from the stock’s previous close.

Other analysts also recently issued reports about the company. Canaccord Genuity lifted their price objective on Callon Petroleum from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, September 8th. Roth Capital set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, September 7th. Wunderlich boosted their target price on shares of Callon Petroleum from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Friday, August 12th. Finally, KLR Group reiterated a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of Callon Petroleum in a report on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and a consensus target price of $15.96.

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

Shares of Callon Petroleum (NYSE:CPE) traded up 0.32% during trading on Tuesday, hitting $15.50. 1,996,953 shares of the stock traded hands. The firm’s market cap is $2.50 billion. Callon Petroleum has a 52-week low of $4.21 and a 52-week high of $16.36. The stock has a 50 day moving average of $14.55 and a 200 day moving average of $13.06.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm earned $55.90 million during the quarter, compared to the consensus estimate of $45.48 million. Callon Petroleum had a positive return on equity of 4.44% and a negative net margin of 122.93%. The firm’s quarterly revenue was up 63.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Analysts expect that Callon Petroleum will post $0.28 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPE. Meeder Asset Management Inc. increased its position in Callon Petroleum by 593.3% in the third quarter. Meeder Asset Management Inc. now owns 7,592 shares of the company’s stock valued at $119,000 after buying an additional 6,497 shares in the last quarter. Sei Investments Co. increased its position in Callon Petroleum by 607.0% in the third quarter. Sei Investments Co. now owns 8,321 shares of the company’s stock valued at $131,000 after buying an additional 7,144 shares in the last quarter. US Bancorp DE increased its position in Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock valued at $107,000 after buying an additional 2,730 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Callon Petroleum during the second quarter valued at approximately $115,000. Finally, BNP Paribas Arbitrage SA increased its position in Callon Petroleum by 119.1% in the third quarter. BNP Paribas Arbitrage SA now owns 10,301 shares of the company’s stock valued at $162,000 after buying an additional 5,600 shares in the last quarter. 89.62% of the stock is owned by hedge funds and other 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.

5 Day Chart for NYSE:CPE

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