Callon Petroleum (NYSE:CPE) has been assigned a consensus recommendation of “Buy” from the twenty-seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and twenty have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.65.

A number of equities research analysts recently issued reports on CPE shares. Jefferies Group started coverage on shares of Callon Petroleum in a research note on Monday, October 9th. They set a “buy” rating and a $16.00 price target on the stock. BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, October 10th. Bank of America started coverage on shares of Callon Petroleum in a research note on Monday, October 16th. They set a “buy” rating on the stock. Northland Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Finally, Mizuho raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, November 21st.

A number of hedge funds have recently bought and sold shares of CPE. Dimensional Fund Advisors LP increased its position in Callon Petroleum by 180.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock valued at $76,238,000 after acquiring an additional 4,622,758 shares during the last quarter. Ameriprise Financial Inc. increased its position in Callon Petroleum by 372.6% during the third quarter. Ameriprise Financial Inc. now owns 3,604,306 shares of the oil and natural gas company’s stock valued at $40,514,000 after acquiring an additional 2,841,680 shares during the last quarter. Bank of New York Mellon Corp increased its position in Callon Petroleum by 56.6% during the third quarter. Bank of New York Mellon Corp now owns 4,878,010 shares of the oil and natural gas company’s stock valued at $54,829,000 after acquiring an additional 1,762,472 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Callon Petroleum by 61.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock valued at $52,057,000 after acquiring an additional 1,755,125 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in Callon Petroleum by 8,371.3% during the second quarter. Balyasny Asset Management LLC now owns 1,362,531 shares of the oil and natural gas company’s stock valued at $14,456,000 after acquiring an additional 1,346,447 shares during the last quarter.

Callon Petroleum (NYSE CPE) traded up $0.14 during mid-day trading on Monday, hitting $12.52. 4,144,870 shares of the stock traded hands, compared to its average volume of 4,957,400. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $16.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $2,510.00, a P/E ratio of 29.12 and a beta of 1.32.

Callon Petroleum (NYSE:CPE) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The company had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $81.98 million. During the same period last year, the firm posted $0.09 EPS. Callon Petroleum’s quarterly revenue was up 51.3% compared to the same quarter last year. equities analysts expect that Callon Petroleum will post 0.4 EPS for the current fiscal year.

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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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