Mizuho Analysts Give Callon Petroleum (CPE) a $15.00 Price Target

Mizuho set a $15.00 price objective on Callon Petroleum (NYSE:CPE) in a report released on Tuesday morning. The firm currently has a buy rating on the oil and natural gas company’s stock.

Other equities analysts also recently issued reports about the company. Northland Securities set a $16.00 price objective on Callon Petroleum and gave the stock a buy rating in a research report on Monday, December 11th. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the stock a buy rating in a research report on Tuesday, October 10th. Bank of America assumed coverage on Callon Petroleum in a research report on Monday, October 16th. They set a buy rating for the company. Scotiabank set a $16.00 price objective on Callon Petroleum and gave the stock a buy rating in a research report on Saturday, November 25th. Finally, Jefferies Group assumed coverage on Callon Petroleum in a research report on Monday, October 9th. They set a buy rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $16.70.

Callon Petroleum (NYSE CPE) opened at $12.56 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $2,530.00, a P/E ratio of 29.21 and a beta of 1.32. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $15.81.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. research analysts anticipate that Callon Petroleum will post 0.4 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation bought a new position in shares of Callon Petroleum in the third quarter valued at $105,000. Fondren Management LP bought a new position in shares of Callon Petroleum in the second quarter valued at $106,000. BB&T Securities LLC bought a new position in shares of Callon Petroleum in the third quarter valued at $112,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Callon Petroleum in the second quarter valued at $133,000. Finally, Intrust Bank NA bought a new position in shares of Callon Petroleum in the third quarter valued at $139,000.

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Callon Petroleum 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.

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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