Callon Petroleum (CPE) Receives $17.09 Average Price Target from Analysts

Shares of Callon Petroleum (NYSE:CPE) have received a consensus recommendation of “Buy” from the twenty-seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty-one have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.09.

A number of equities research analysts have recently issued reports on the stock. Northland Securities set a $16.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a report on Monday, December 11th. Credit Suisse Group assumed coverage on shares of Callon Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $12.00 price target on the stock. Jefferies Group assumed coverage on shares of Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target on the stock. BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Mizuho raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, November 21st.

Shares of Callon Petroleum (CPE) traded down $0.08 during mid-day trading on Thursday, hitting $10.49. 5,494,442 shares of the stock were exchanged, compared to its average volume of 3,989,473. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $2,117.26, a PE ratio of 29.14 and a beta of 1.33. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $16.32.

Callon Petroleum (NYSE:CPE) last issued its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $84.60 million during the quarter, compared to the consensus estimate of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. research analysts anticipate that Callon Petroleum will post 0.39 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. FMR LLC grew its position in shares of Callon Petroleum by 6.2% during the 2nd quarter. FMR LLC now owns 16,132,114 shares of the oil and natural gas company’s stock worth $171,162,000 after purchasing an additional 934,847 shares in the last quarter. BlackRock Inc. grew its position in shares of Callon Petroleum by 7.0% during the 2nd quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock worth $137,439,000 after purchasing an additional 851,876 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Callon Petroleum by 47.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 10,625,848 shares of the oil and natural gas company’s stock worth $119,434,000 after purchasing an additional 3,440,342 shares in the last quarter. State Street Corp grew its position in shares of Callon Petroleum by 11.4% during the 2nd quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock worth $83,244,000 after purchasing an additional 802,785 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Callon Petroleum by 1.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,426,037 shares of the oil and natural gas company’s stock worth $78,790,000 after purchasing an additional 92,434 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: This article was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://sportsperspectives.com/2017/12/17/callon-petroleum-cpe-receives-17-09-average-price-target-from-analysts.html.

About Callon Petroleum

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply