Trade Report: Today, Callon Petroleum Co. (CPE) Now Covered by Analysts at Deutsche Bank AG

Today, Callon Petroleum Co. (CPE) Now Covered by Analysts at Deutsche Bank AG

Equities researchers at Deutsche Bank AG began coverage on shares of Callon Petroleum Co. (NYSE:CPE) in a research report issued on Monday. The firm set a “buy” rating and a $19.00 price target on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 19.20% from the company’s previous close.

CPE has been the subject of several other research reports. Evercore ISI started coverage on shares of Callon Petroleum in a report on Wednesday, September 28th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research raised shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Tuesday, October 4th. RBC Capital Markets raised shares of Callon Petroleum from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $15.00 to $18.00 in a report on Thursday, September 8th. They noted that the move was a valuation call. Mizuho started coverage on shares of Callon Petroleum in a report on Wednesday, October 5th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, KLR Group reissued a “buy” rating and set a $21.00 price target (up from $18.00) on shares of Callon Petroleum in a research note on Tuesday, September 13th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.95.

Callon Petroleum (NYSE:CPE) traded down 5.95% on Monday, hitting $15.32. The company’s stock had a trading volume of 4,731,847 shares. Callon Petroleum has a 1-year low of $4.21 and a 1-year high of $17.05. The company’s market capitalization is $2.47 billion. The company 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm earned $55.90 million during the quarter, compared to analyst estimates of $45.48 million. Callon Petroleum had a negative net margin of 122.93% and a positive return on equity of 4.44%. The company’s quarterly revenue was up 63.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, equities analysts forecast that Callon Petroleum will post $0.28 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. E&G Advisors LP purchased a new position in shares of Callon Petroleum during the second quarter worth approximately $538,000. Miller Howard Investments Inc. NY purchased a new position in shares of Callon Petroleum during the second quarter worth approximately $4,153,000. Parkwood LLC purchased a new position in shares of Callon Petroleum during the second quarter worth approximately $1,191,000. IBM Retirement Fund purchased a new position in shares of Callon Petroleum during the second quarter worth approximately $129,000. Finally, Eagle Asset Management Inc. increased its position in shares of Callon Petroleum by 47.4% in the second quarter. Eagle Asset Management Inc. now owns 1,067,035 shares of the company’s stock worth $11,982,000 after buying an additional 343,085 shares during the period.

Callon Petroleum Company Profile

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