Callon Petroleum (NYSE:CPE) has been assigned a $15.00 target price by analysts at Mizuho in a report released on Tuesday. The firm currently has a “buy” rating on the oil and natural gas company’s stock. Mizuho’s target price would indicate a potential upside of 18.86% from the company’s current price.

A number of other analysts have also issued reports on CPE. Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Wednesday, January 3rd. Piper Jaffray Companies assumed coverage on Callon Petroleum in a research report on Thursday, January 4th. They issued an “overweight” rating and a $15.00 target price on the stock. Jefferies Group assumed coverage on Callon Petroleum in a research report on Monday, October 9th. They issued a “buy” rating and a $16.00 target price on the stock. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Northland Securities reissued a “buy” rating and issued a $18.00 target price on shares of Callon Petroleum in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $16.70.

Callon Petroleum (NYSE CPE) opened at $12.62 on Tuesday. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $15.81. The company has a market capitalization of $2,522.95, a P/E ratio of 28.68 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

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

Institutional investors have recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in shares of Callon Petroleum during the third quarter worth $105,000. Fondren Management LP purchased a new stake in shares of Callon Petroleum during the second quarter worth $106,000. BB&T Securities LLC purchased a new stake in shares of Callon Petroleum during the third quarter worth $112,000. Intrust Bank NA purchased a new stake in shares of Callon Petroleum during the third quarter worth $139,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Callon Petroleum during the second quarter worth $133,000.

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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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