Shares of Callon Petroleum Co. (NYSE:CPE) have earned a consensus rating of “Buy” from the twenty-seven analysts that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, twenty-two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.86.
A number of brokerages have commented on CPE. KLR Group began coverage on shares of Callon Petroleum in a report on Monday, July 11th. They issued a “buy” rating and a $17.00 target price for the company. Roth Capital reiterated a “buy” rating on shares of Callon Petroleum in a report on Tuesday, July 12th. Zacks Investment Research upgraded shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, July 12th. Wunderlich boosted their target price on shares of Callon Petroleum from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Canaccord Genuity boosted their target price on shares of Callon Petroleum from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, September 8th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in shares of Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock worth $107,000 after buying an additional 2,730 shares during the period. Hsbc Holdings PLC purchased a new position in Callon Petroleum during the second quarter valued at approximately $115,000. Capital Fund Management S.A. purchased a new position in Callon Petroleum during the second quarter valued at approximately $116,000. Genesee Valley Trust Co. purchased a new position in Callon Petroleum during the second quarter valued at approximately $119,000. Finally, Meeder Asset Management Inc. increased its position in Callon Petroleum by 593.3% in the third quarter. Meeder Asset Management Inc. now owns 7,592 shares of the company’s stock valued at $119,000 after buying an additional 6,497 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.
Callon Petroleum (NYSE:CPE) opened at 13.48 on Wednesday. Callon Petroleum has a 12-month low of $4.21 and a 12-month high of $16.36. The company has a 50 day moving average of $14.85 and a 200-day moving average of $12.57. The stock’s market cap is $1.77 billion.
Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.65. The firm earned $45.14 million during the quarter, compared to the consensus estimate of $47.75 million. Callon Petroleum had a negative net margin of 233.91% and a positive return on equity of 3.77%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Equities analysts forecast that Callon Petroleum will post $0.25 earnings per share for the current year.