BMO Capital Markets set a $15.00 target price on Callon Petroleum Company (NYSE:CPE) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the oil and natural gas company’s stock.
Other analysts also recently issued reports about the stock. Jefferies Group LLC started coverage on shares of Callon Petroleum in a research report on Monday, October 9th. They issued a buy rating and a $16.00 price target on the stock. Northland Securities reissued a buy rating and issued a $18.00 target price on shares of Callon Petroleum in a research note on Wednesday, November 1st. Zacks Investment Research raised Callon Petroleum from a sell rating to a hold rating in a report on Monday, July 24th. BidaskClub cut Callon Petroleum from a sell rating to a strong sell rating in a research report on Saturday, August 5th. Finally, Bank of America Corporation started coverage on Callon Petroleum in a report on Monday, October 16th. They set a buy rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $17.50.
Shares of Callon Petroleum (CPE) opened at $10.16 on Tuesday. The firm has a market cap of $2,050.00, a price-to-earnings ratio of 28.64 and a beta of 1.38. Callon Petroleum has a one year low of $9.34 and a one year high of $18.53. 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 posted its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $84.60 million during the quarter, compared to the consensus estimate of $81.98 million. During the same period in the previous year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. research analysts anticipate that Callon Petroleum will post 0.41 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in the company. Legal & General Group Plc grew its position in Callon Petroleum by 25.0% during the first quarter. Legal & General Group Plc now owns 68,172 shares of the oil and natural gas company’s stock worth $892,000 after buying an additional 13,643 shares during the period. BlackRock Inc. grew its holdings in Callon Petroleum by 96,684.2% during the 1st quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares in the last quarter. Amalgamated Bank grew its holdings in Callon Petroleum by 21.3% during the 1st quarter. Amalgamated Bank now owns 21,633 shares of the oil and natural gas company’s stock valued at $285,000 after purchasing an additional 3,801 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Callon Petroleum by 24.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 833,642 shares of the oil and natural gas company’s stock worth $10,971,000 after acquiring an additional 163,233 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Callon Petroleum during the 1st quarter worth $208,000.
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.
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