Zacks Investment Research upgraded shares of Callon Petroleum (NYSE:CPE) from a sell rating to a hold rating in a report published on Monday, February 12th.
According to Zacks, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. “
CPE has been the subject of a number of other reports. Northland Securities reiterated a buy rating and issued a $18.00 price target on shares of Callon Petroleum in a research report on Wednesday, November 1st. Citigroup lowered shares of Callon Petroleum from a buy rating to a neutral rating and set a $13.00 target price for the company. in a research report on Wednesday, January 3rd. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the stock a buy rating in a research report on Tuesday, November 14th. Mizuho upgraded shares of Callon Petroleum from a neutral rating to a buy rating and set a $14.00 target price for the company in a research report on Tuesday, November 21st. Finally, Piper Jaffray Companies assumed coverage on shares of Callon Petroleum in a research report on Thursday, January 4th. They set an overweight rating and a $15.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $16.39.
Callon Petroleum (NYSE CPE) traded up $0.07 on Monday, hitting $10.85. 629,479 shares of the company’s stock were exchanged, compared to its average volume of 4,603,520. The company has a market capitalization of $2,119.28, a price-to-earnings ratio of 29.17 and a beta of 1.16. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $13.92. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.
A number of institutional investors have recently added to or reduced their stakes in CPE. Zions Bancorporation purchased a new stake in Callon Petroleum during the third quarter valued at $105,000. Fondren Management LP purchased a new stake in shares of Callon Petroleum in the second quarter valued at $106,000. BB&T Securities LLC purchased a new stake in shares of Callon Petroleum in the third quarter valued at $112,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Callon Petroleum in the second quarter valued at $133,000. Finally, Intrust Bank NA purchased a new stake in shares of Callon Petroleum in the third quarter valued at $139,000.
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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.
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