Equities researchers at Deutsche Bank AG started coverage on shares of Callon Petroleum Co. (NYSE:CPE) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $15.84 price target on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 9.62% from the stock’s previous close.

Several other analysts have also weighed in on CPE. FBR & Co raised their price objective on shares of Callon Petroleum from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, August 10th. Imperial Capital reaffirmed an “outperform” rating and set a $16.00 price objective (up previously from $14.00) on shares of Callon Petroleum in a report on Wednesday, August 10th. Wunderlich raised their price target on shares of Callon Petroleum from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Citigroup Inc. raised their price target on shares of Callon Petroleum from $12.50 to $14.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Callon Petroleum from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Callon Petroleum currently has a consensus rating of “Buy” and an average price target of $15.95.

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

Callon Petroleum (NYSE:CPE) opened at 14.45 on Monday. Callon Petroleum has a 12-month low of $4.21 and a 12-month high of $17.05. The stock’s 50 day moving average price is $14.56 and its 200 day moving average price is $13.22. The company’s market capitalization is $2.33 billion.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company earned $55.90 million during the quarter, compared to analyst estimates of $45.48 million. Callon Petroleum had a negative net margin of 122.93% and a positive return on equity of 4.44%. The company’s revenue was up 63.0% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. On average, equities research analysts anticipate that Callon Petroleum will post $0.28 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of CPE. BlackRock Inc. raised its stake in shares of Callon Petroleum by 18.4% in the second quarter. BlackRock Inc. now owns 12,269 shares of the company’s stock valued at $138,000 after buying an additional 1,908 shares during the last quarter. Prudential Financial Inc. raised its position in Callon Petroleum by 16.2% in the third quarter. Prudential Financial Inc. now owns 14,505 shares of the company’s stock valued at $228,000 after buying an additional 2,020 shares in the last quarter. California Public Employees Retirement System raised its position in Callon Petroleum by 0.3% in the second quarter. California Public Employees Retirement System now owns 744,500 shares of the company’s stock valued at $8,361,000 after buying an additional 2,400 shares in the last quarter. US Bancorp DE raised 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. Finally, State Board of Administration of Florida Retirement System raised its position in Callon Petroleum by 13.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 37,502 shares of the company’s stock valued at $421,000 after buying an additional 4,400 shares in the last quarter.

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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