Callon Petroleum Company (CPE) Earns Buy Rating from Analysts at Stifel Nicolaus

Investment analysts at Stifel Nicolaus started coverage on shares of Callon Petroleum Company (NYSE:CPE) in a research report issued to clients and investors on Wednesday, April 12th. The brokerage set a “buy” rating and a $21.00 price target on the oil and natural gas company’s stock. Stifel Nicolaus’ price target points to a potential upside of 68.27% from the company’s previous close.

CPE has been the topic of a number of other reports. Roth Capital set a $23.00 target price on shares of Callon Petroleum Company and gave the stock a “buy” rating in a report on Saturday, April 1st. Scotiabank set a $18.00 price objective on shares of Callon Petroleum Company and gave the company a “buy” rating in a research report on Monday, April 3rd. KLR Group set a $24.00 price objective on shares of Callon Petroleum Company and gave the company a “buy” rating in a research report on Sunday, December 18th. Mizuho dropped their target price on shares of Callon Petroleum Company from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 1st. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Callon Petroleum Company in a research report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $18.18.

Analyst Recommendations for Callon Petroleum Company (NYSE:CPE)

Shares of Callon Petroleum Company (NYSE:CPE) traded down 0.601% on Wednesday, reaching $12.405. The company had a trading volume of 3,785,586 shares. Callon Petroleum Company has a 52 week low of $10.34 and a 52 week high of $18.53. The firm’s market capitalization is $2.49 billion. The stock’s 50 day moving average is $12.40 and its 200 day moving average is $13.97.

Callon Petroleum Company (NYSE:CPE) last released its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The company had revenue of $81.36 million for the quarter, compared to analyst estimates of $80.22 million. Callon Petroleum Company had a negative net margin of 122.93% and a positive return on equity of 4.44%. On average, equities analysts anticipate that Callon Petroleum Company will post $0.58 EPS for the current year.

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Several large investors have recently modified their holdings of CPE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Callon Petroleum Company by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after buying an additional 3,896 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Callon Petroleum Company by 296.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company’s stock worth $114,000 after buying an additional 5,506 shares during the period. Meeder Asset Management Inc. increased its stake in Callon Petroleum Company by 593.3% in the third quarter. Meeder Asset Management Inc. now owns 7,592 shares of the oil and natural gas company’s stock worth $119,000 after buying an additional 6,497 shares during the last quarter. Strs Ohio increased its stake in Callon Petroleum Company by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after buying an additional 600 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Callon Petroleum Company by 607.0% in the third quarter. Sei Investments Co. now owns 8,321 shares of the oil and natural gas company’s stock worth $131,000 after buying an additional 7,144 shares during the last quarter. Institutional investors and hedge funds own 89.06% of the company’s stock.

Callon Petroleum Company Company Profile

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.

5 Day Chart for NYSE:CPE

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