Callon Petroleum (CPE) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Callon Petroleum (NYSE:CPE) from a buy rating to a hold rating in a research report report published on Tuesday.

CPE has been the subject of a number of other research reports. SunTrust Banks restated a buy rating and set a $16.00 price objective on shares of Callon Petroleum in a report on Tuesday, February 6th. Zacks Investment Research downgraded shares of Callon Petroleum from a hold rating to a sell rating in a report on Monday, February 5th. Jefferies Group set a $18.00 price objective on shares of Callon Petroleum and gave the stock a buy rating in a report on Wednesday, March 14th. KeyCorp raised their price objective on shares of Callon Petroleum from $15.00 to $16.00 and gave the stock a buy rating in a report on Monday, April 23rd. Finally, Deutsche Bank assumed coverage on shares of Callon Petroleum in a report on Thursday, February 1st. They set a buy rating and a $15.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $16.42.

Shares of CPE stock opened at $13.70 on Tuesday. The stock has a market capitalization of $2.80 billion, a PE ratio of 32.62, a PEG ratio of 0.34 and a beta of 1.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.62. Callon Petroleum has a one year low of $13.39 and a one year high of $13.81.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Callon Petroleum had a net margin of 31.28% and a return on equity of 5.98%. The company had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million. equities research analysts anticipate that Callon Petroleum will post 0.91 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Callon Petroleum by 12.8% during the first quarter. Dimensional Fund Advisors LP now owns 15,004,663 shares of the oil and natural gas company’s stock worth $198,662,000 after purchasing an additional 1,705,244 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Callon Petroleum by 1.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 9,044,597 shares of the oil and natural gas company’s stock valued at $109,891,000 after acquiring an additional 152,860 shares during the period. Silvercrest Asset Management Group LLC boosted its position in shares of Callon Petroleum by 11.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 5,891,730 shares of the oil and natural gas company’s stock valued at $78,006,000 after acquiring an additional 587,442 shares during the period. Northern Trust Corp boosted its position in shares of Callon Petroleum by 13.8% in the first quarter. Northern Trust Corp now owns 5,762,202 shares of the oil and natural gas company’s stock valued at $76,291,000 after acquiring an additional 699,715 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Callon Petroleum by 13.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,242,800 shares of the oil and natural gas company’s stock valued at $63,699,000 after acquiring an additional 611,375 shares during the period.

About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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