Analysts at Deutsche Bank AG began coverage on shares of Callon Petroleum Co. (NYSE:CPE) in a note issued to investors on Monday. The firm set a “buy” rating and a $15.84 price target on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 0.63% from the company’s previous close.
A number of other analysts also recently weighed in on CPE. FBR & Co lifted their price target on Callon Petroleum from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Imperial Capital reiterated an “outperform” rating and set a $16.00 target price (up from $14.00) on shares of Callon Petroleum in a research report on Wednesday, August 10th. Wunderlich boosted their target price on Callon Petroleum from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Citigroup Inc. boosted their target price on Callon Petroleum from $12.50 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. boosted their target price on Callon Petroleum from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.08.
Shares of Callon Petroleum (NYSE:CPE) traded down 7.73% during midday trading on Monday, reaching $15.03. 6,201,277 shares of the company traded hands. The firm’s market capitalization is $2.42 billion. Callon Petroleum has a 1-year low of $4.21 and a 1-year high of $17.05. The stock has a 50 day moving average price of $14.57 and a 200 day moving average price of $13.16.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. Callon Petroleum had a positive return on equity of 4.44% and a negative net margin of 122.93%. The firm had revenue of $55.90 million for the quarter, compared to the consensus estimate of $45.48 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company’s revenue for the quarter was up 63.0% compared to the same quarter last year. Analysts expect that Callon Petroleum will post $0.28 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in 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 bought a new stake in Callon Petroleum during the second quarter worth about $115,000. Capital Fund Management S.A. bought a new stake in Callon Petroleum during the second quarter worth about $116,000. Genesee Valley Trust Co. acquired a new position in shares of Callon Petroleum during the second quarter worth approximately $119,000. Finally, Meeder Asset Management Inc. increased its position in shares of Callon Petroleum by 593.3% in the third quarter. Meeder Asset Management Inc. now owns 7,592 shares of the company’s stock worth $119,000 after buying an additional 6,497 shares in the last quarter.
Callon Petroleum Company Profile