B. Riley assumed coverage on shares of Callon Petroleum (NYSE:CPE) in a report published on Monday, Marketbeat Ratings reports. The firm issued a neutral rating and a $11.75 target price on the oil and natural gas company’s stock. B. Riley also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.17 EPS.

CPE has been the subject of several other reports. Northland Securities set a $16.00 price target on Callon Petroleum and gave the company a buy rating in a report on Monday, December 11th. Jefferies Group began coverage on Callon Petroleum in a report on Monday, October 9th. They issued a buy rating and a $16.00 price target for the company. Zacks Investment Research downgraded Callon Petroleum from a hold rating to a sell rating in a report on Monday. Credit Suisse Group began coverage on Callon Petroleum in a report on Monday, December 11th. They issued a neutral rating and a $12.00 price target for the company. Finally, Deutsche Bank began coverage on Callon Petroleum in a report on Thursday, February 1st. They issued a buy rating and a $15.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the stock. Callon Petroleum presently has a consensus rating of Buy and an average target price of $16.39.

Shares of Callon Petroleum (CPE) opened at $10.22 on Monday. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $15.02. The stock has a market capitalization of $2,177.81, a price-to-earnings ratio of 23.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Callon Petroleum by 7.0% during the second quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock worth $137,439,000 after purchasing an additional 851,876 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Callon Petroleum by 47.9% during the third quarter. Dimensional Fund Advisors LP now owns 10,625,848 shares of the oil and natural gas company’s stock worth $119,434,000 after purchasing an additional 3,440,342 shares during the last quarter. State Street Corp lifted its position in shares of Callon Petroleum by 11.4% during the second quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock worth $83,244,000 after purchasing an additional 802,785 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Callon Petroleum by 13.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,242,800 shares of the oil and natural gas company’s stock worth $63,699,000 after purchasing an additional 611,375 shares during the last quarter. Finally, Caymus Capital Partners L.P. lifted its position in shares of Callon Petroleum by 5.4% during the third quarter. Caymus Capital Partners L.P. now owns 5,124,900 shares of the oil and natural gas company’s stock worth $57,604,000 after purchasing an additional 261,400 shares during the last quarter.

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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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