Callon Petroleum (NYSE:CPE) had its price objective lifted by analysts at KeyCorp from $15.00 to $16.00 in a note issued to investors on Monday, Marketbeat reports. The firm currently has a “buy” rating on the oil and natural gas company’s stock. KeyCorp’s price target indicates a potential upside of 15.77% from the company’s previous close.
Several other brokerages have also issued reports on CPE. SunTrust Banks set a $18.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Monday, April 16th. Stifel Nicolaus set a $20.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Citigroup lowered 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. Mizuho set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, TheStreet raised Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Wednesday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. Callon Petroleum currently has a consensus rating of “Buy” and a consensus price target of $16.42.
Shares of CPE opened at $13.82 on Monday. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $14.44. The firm has a market capitalization of $2,861.48, a PE ratio of 32.90 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. The company had revenue of $118.21 million during the quarter, compared to analysts’ expectations of $109.95 million. analysts expect that Callon Petroleum will post 0.9 EPS for the current year.
Several hedge funds have recently bought and sold shares of CPE. Luminus Management LLC raised its position in shares of Callon Petroleum by 91.3% in the 4th quarter. Luminus Management LLC now owns 4,885,260 shares of the oil and natural gas company’s stock worth $59,356,000 after acquiring an additional 2,330,958 shares in the last quarter. Syntal Capital Partners LLC bought a new position in shares of Callon Petroleum in the 4th quarter worth about $16,433,000. Key Square Capital Management LLC bought a new position in shares of Callon Petroleum in the 4th quarter worth about $15,817,000. Deutsche Bank AG raised its position in shares of Callon Petroleum by 368.5% in the 4th quarter. Deutsche Bank AG now owns 1,548,475 shares of the oil and natural gas company’s stock worth $18,812,000 after acquiring an additional 1,217,980 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of Callon Petroleum by 34.8% in the 4th quarter. Glenmede Trust Co. NA now owns 3,594,100 shares of the oil and natural gas company’s stock worth $43,667,000 after acquiring an additional 927,463 shares in the last quarter.
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Callon Petroleum Company Profile
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.
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