Northland Securities set a $18.00 price target on Callon Petroleum Company (NYSE:CPE) in a research note published on Monday. The firm currently has a buy rating on the oil and natural gas company’s stock.

CPE has been the subject of several other reports. Credit Suisse Group reaffirmed an outperform rating and issued a $18.00 target price on shares of Callon Petroleum in a research note on Friday, June 2nd. Echelon Wealth Partners raised shares of Callon Petroleum to a buy rating and set a $17.00 price objective for the company in a research note on Thursday, April 13th. Roth Capital set a $23.00 price objective on shares of Callon Petroleum and gave the company a buy rating in a research note on Friday, May 26th. Citigroup Inc lowered their price objective on shares of Callon Petroleum from $17.00 to $15.00 and set a buy rating for the company in a research note on Thursday, July 13th. Finally, Scotiabank set a $18.00 price objective on shares of Callon Petroleum and gave the company a buy rating in a research note on Monday, April 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $17.77.

Shares of Callon Petroleum (NYSE CPE) traded down 1.21% on Monday, reaching $10.60. The company had a trading volume of 4,421,362 shares. The firm has a 50-day moving average price of $10.71 and a 200 day moving average price of $12.59. Callon Petroleum has a 1-year low of $9.63 and a 1-year high of $18.53. The firm’s market capitalization is $2.13 billion.

Callon Petroleum (NYSE:CPE) last released its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $81.36 million during the quarter, compared to analysts’ expectations of $80.22 million. Callon Petroleum had a negative net margin of 1.42% and a positive return on equity of 4.23%. Equities research analysts predict that Callon Petroleum will post $0.58 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Callon Petroleum 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 valued at $110,000 after buying an additional 3,896 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Callon Petroleum 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 valued at $114,000 after buying an additional 5,506 shares during the period. Strs Ohio raised its stake in Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after buying an additional 600 shares during the period. Green Square Capital LLC acquired a new stake in Callon Petroleum during the first quarter valued at $132,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Callon Petroleum during the first quarter valued at $143,000.

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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