Callon Petroleum Company (CPE) Receives $17.57 Average Price Target from Brokerages
Shares of Callon Petroleum Company (NYSE:CPE) have earned an average recommendation of “Buy” from the twenty-seven ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.57.
A number of research firms have weighed in on CPE. BidaskClub upgraded Callon Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Tudor Pickering initiated coverage on Callon Petroleum in a research note on Tuesday, June 20th. They set a “buy” rating and a $26.00 price target for the company. Seaport Global Securities cut Callon Petroleum from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $10.00 in a research report on Wednesday, June 21st. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Scotiabank set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, July 1st.
A number of large investors have recently added to or reduced their stakes in the business. Fondren Management LP acquired a new position in shares of Callon Petroleum in the 2nd quarter valued at about $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 worth $110,000 after purchasing an additional 3,896 shares in the last quarter. FFT Wealth Management LLC purchased a new stake in shares of Callon Petroleum in the second quarter worth approximately $113,000. Strs Ohio boosted its holdings in shares of Callon Petroleum by 6.5% during the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after purchasing an additional 600 shares during the period. Finally, Green Square Capital LLC acquired a new stake in shares of Callon Petroleum during the first quarter worth approximately $132,000.
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Callon Petroleum (NYSE CPE) traded down 0.70% during midday trading on Friday, hitting $11.33. The stock had a trading volume of 9,448,683 shares. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $18.53. The company has a 50-day moving average price of $10.53 and a 200-day moving average price of $11.26. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 21.58 and a beta of 1.43.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. During the same quarter last year, the business earned ($0.61) earnings per share. The company’s revenue was up 82.5% on a year-over-year basis. Equities analysts anticipate that Callon Petroleum will post $0.50 EPS for the current year.
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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