Callon Petroleum (NYSE:CPE) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Callon Petroleum (NYSE:CPE) in a report issued on Saturday morning. The firm issued a hold rating on the oil and natural gas company’s stock.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus reiterated a hold rating and set a $32.00 price target (down previously from $44.00) on shares of Callon Petroleum in a research report on Tuesday, January 23rd. Mizuho reduced their price target on Callon Petroleum from $38.00 to $35.00 and set a neutral rating for the company in a research report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Callon Petroleum presently has an average rating of Hold and an average target price of $40.33.

Callon Petroleum Stock Performance

NYSE:CPE opened at $35.76 on Friday. Callon Petroleum has a 12-month low of $28.62 and a 12-month high of $41.36. The firm has a market capitalization of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50 day simple moving average of $33.49 and a 200 day simple moving average of $33.65.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Monday, February 26th. The oil and natural gas company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.12). Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. The company had revenue of $601.36 million for the quarter, compared to analyst estimates of $563.30 million. Equities research analysts predict that Callon Petroleum will post 6.56 EPS for the current year.

Institutional Investors Weigh In On Callon Petroleum

Hedge funds have recently modified their holdings of the stock. State of Wyoming purchased a new stake in shares of Callon Petroleum during the second quarter valued at $30,000. Lazard Asset Management LLC purchased a new stake in Callon Petroleum in the 2nd quarter worth about $40,000. West Tower Group LLC purchased a new stake in Callon Petroleum in the 4th quarter worth about $37,000. Signaturefd LLC lifted its stake in Callon Petroleum by 241.5% in the 4th quarter. Signaturefd LLC now owns 1,325 shares of the oil and natural gas company’s stock worth $43,000 after acquiring an additional 937 shares in the last quarter. Finally, Clear Street Markets LLC lifted its stake in Callon Petroleum by 19,900.0% in the 4th quarter. Clear Street Markets LLC now owns 2,000 shares of the oil and natural gas company’s stock worth $65,000 after acquiring an additional 1,990 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.