Callon Petroleum Co. (NYSE:CPE) had its target price lifted by KeyCorp from $19.00 to $20.00 in a report issued on Tuesday morning. They currently have an overweight rating on the stock.
CPE has been the subject of several other reports. Citigroup Inc. increased their price objective on shares of Callon Petroleum from $12.50 to $14.00 and gave the stock a neutral rating in a research report on Thursday, August 11th. Imperial Capital restated an outperform rating and issued a $16.00 price target (up from $14.00) on shares of Callon Petroleum in a report on Wednesday, August 10th. Canaccord Genuity raised their price target 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. FBR & Co raised their price target on shares of Callon Petroleum from $15.00 to $17.00 and gave the stock an outperform rating in a report on Wednesday, August 10th. Finally, Evercore ISI assumed coverage on shares of Callon Petroleum in a report on Wednesday, September 28th. They issued a buy rating and a $20.00 price target for the company. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Callon Petroleum presently has an average rating of Buy and an average target price of $15.96.
Shares of Callon Petroleum (NYSE:CPE) opened at 16.29 on Tuesday. Callon Petroleum has a 12 month low of $4.21 and a 12 month high of $16.42. The company’s market capitalization is $2.62 billion. The firm’s 50-day moving average is $14.57 and its 200 day moving average is $13.16.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Callon Petroleum had a negative net margin of 122.93% and a positive return on equity of 4.44%. The company earned $55.90 million during the quarter, compared to analysts’ expectations of $45.48 million. During the same period in the prior year, the company posted $0.05 earnings per share. Callon Petroleum’s revenue for the quarter was up 63.0% compared to the same quarter last year. Equities research analysts predict that Callon Petroleum will post $0.28 EPS for the current year.
Several institutional investors have recently bought and sold shares of CPE. US Bancorp DE increased its position in Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock valued at $107,000 after buying an additional 2,730 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Callon Petroleum during the second quarter valued at $115,000. Capital Fund Management S.A. acquired a new position in Callon Petroleum during the second quarter valued at $116,000. Genesee Valley Trust Co. acquired a new position in Callon Petroleum during the second quarter valued at $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 during the last quarter.
About Callon Petroleum