Callon Petroleum (NYSE:CPE) has been given a $12.00 price target by equities research analysts at B. Riley in a research report issued on Friday, March 9th. The firm currently has a “hold” rating on the oil and natural gas company’s stock. B. Riley’s price objective indicates a potential downside of 5.73% from the stock’s current price.
CPE has been the subject of several other research reports. Citigroup downgraded Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research report on Wednesday, January 3rd. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, November 14th. Piper Jaffray began coverage on Callon Petroleum in a report on Thursday, January 4th. They issued an “overweight” rating and a $15.00 price objective for the company. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, November 21st. Finally, Imperial Capital reissued an “outperform” rating and issued a $21.00 target price (up from $17.00) on shares of Callon Petroleum in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Callon Petroleum presently has a consensus rating of “Buy” and an average price target of $16.41.
Shares of CPE traded down $0.51 during midday trading on Friday, hitting $12.73. 4,888,974 shares of the company traded hands, compared to its average volume of 4,347,913. Callon Petroleum has a one year low of $9.34 and a one year high of $13.92. The stock has a market cap of $2,673.68, a PE ratio of 30.45 and a beta of 1.18. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $118.21 million during the quarter, compared to analyst estimates of $109.95 million. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. analysts expect that Callon Petroleum will post 0.87 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Brown Advisory Inc. boosted its holdings in shares of Callon Petroleum by 12.7% in the 3rd quarter. Brown Advisory Inc. now owns 38,442 shares of the oil and natural gas company’s stock worth $432,000 after purchasing an additional 4,334 shares during the period. Advisor Group Inc. boosted its holdings in Callon Petroleum by 23.0% during the 3rd quarter. Advisor Group Inc. now owns 23,226 shares of the oil and natural gas company’s stock valued at $261,000 after acquiring an additional 4,339 shares during the period. Texas Permanent School Fund boosted its holdings in Callon Petroleum by 3.4% during the 4th quarter. Texas Permanent School Fund now owns 136,434 shares of the oil and natural gas company’s stock valued at $1,658,000 after acquiring an additional 4,465 shares during the period. Green Square Capital LLC boosted its holdings in Callon Petroleum by 34.0% during the 3rd quarter. Green Square Capital LLC now owns 20,095 shares of the oil and natural gas company’s stock valued at $226,000 after acquiring an additional 5,095 shares during the period. Finally, Aperio Group LLC boosted its holdings in Callon Petroleum by 7.8% during the 4th quarter. Aperio Group LLC now owns 77,418 shares of the oil and natural gas company’s stock valued at $941,000 after acquiring an additional 5,625 shares during the period.
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Callon Petroleum Company Profile
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.
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