Callon Petroleum Company (NYSE:CPE)’s share price was down 4.8% during trading on Tuesday . The stock traded as low as $10.27 and last traded at $11.16. Approximately 4,179,200 shares traded hands during trading, a decline of 16% from the average daily volume of 4,989,929 shares. The stock had previously closed at $11.72.

Several equities analysts have recently commented on CPE shares. Bank of America Corporation started coverage on Callon Petroleum in a research note on Monday, October 16th. They set a “buy” rating for the company. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Jefferies Group LLC assumed coverage on Callon Petroleum in a research note on Monday, October 9th. They set a “buy” rating and a $16.00 price objective on the stock. Royal Bank Of Canada set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Northland Securities set a $18.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Monday, August 21st. One analyst has 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 company has a consensus rating of “Buy” and a consensus price target of $17.50.

The stock has a market capitalization of $2,110.00, a price-to-earnings ratio of 32.56 and a beta of 1.38. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 30.20% and a return on equity of 4.05%. Callon Petroleum’s revenue for the quarter was up 51.3% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. research analysts expect that Callon Petroleum Company will post 0.4 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CPE. BlackRock Inc. increased its holdings in shares of Callon Petroleum by 96,684.2% during the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Callon Petroleum by 180.4% during the second quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock valued at $76,238,000 after purchasing an additional 4,622,758 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Callon Petroleum by 372.6% during the third quarter. Ameriprise Financial Inc. now owns 3,604,306 shares of the oil and natural gas company’s stock valued at $40,514,000 after purchasing an additional 2,841,680 shares during the period. Caymus Capital Partners L.P. boosted its stake in Callon Petroleum by 81.5% during the second quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock valued at $51,602,000 after buying an additional 2,184,500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Callon Petroleum by 56.6% during the third quarter. Bank of New York Mellon Corp now owns 4,878,010 shares of the oil and natural gas company’s stock valued at $54,829,000 after buying an additional 1,762,472 shares in the last quarter.

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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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