Callon Petroleum Company (NYSE:CPE) received a $15.00 price target from BMO Capital Markets in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the oil and natural gas company’s stock. BMO Capital Markets’ price target points to a potential upside of 32.86% from the company’s previous close.

CPE has been the subject of several other research reports. Zacks Investment Research upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Royal Bank Of Canada set a $16.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. Citigroup Inc. cut their price target on Callon Petroleum from $17.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, July 13th. BidaskClub upgraded Callon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Jefferies Group LLC initiated coverage on Callon Petroleum in a report on Monday. They set a “buy” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. Callon Petroleum presently has a consensus rating of “Buy” and a consensus price target of $17.50.

Shares of Callon Petroleum (CPE) opened at 11.29 on Tuesday. The company has a market cap of $2.28 billion, a P/E ratio of 21.50 and a beta of 1.43. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $18.53. The company has a 50-day moving average price of $10.72 and a 200-day moving average price of $11.24.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The business’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.61) EPS. On average, equities analysts predict that Callon Petroleum will post $0.48 EPS for the current year.

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Several hedge funds have recently modified their holdings of CPE. Fondren Management LP bought a new stake in shares of Callon Petroleum during the 2nd quarter worth approximately $106,000. FFT Wealth Management LLC bought a new stake in shares of Callon Petroleum during the 2nd quarter worth approximately $113,000. Green Square Capital LLC bought a new stake in shares of Callon Petroleum during the 1st quarter worth approximately $132,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Callon Petroleum during the 2nd quarter worth approximately $133,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Callon Petroleum during the 1st quarter worth approximately $143,000.

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.

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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