Callon Petroleum (CPE) Earns “Outperform” Rating from Imperial Capital
Callon Petroleum (NYSE:CPE)‘s stock had its “outperform” rating reiterated by equities researchers at Imperial Capital in a report released on Thursday, Marketbeat Ratings reports. They currently have a $21.00 price objective on the oil and natural gas company’s stock, up from their previous price objective of $17.00. Imperial Capital’s price objective indicates a potential upside of 86.67% from the company’s current price.
CPE has been the subject of several other reports. Northland Securities set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a research note on Monday, December 11th. SunTrust Banks reiterated a “buy” rating and set a $16.00 target price on shares of Callon Petroleum in a research note on Tuesday, February 6th. Zacks Investment Research cut Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Jefferies Group reiterated a “buy” rating and set a $17.00 target price on shares of Callon Petroleum in a research note on Tuesday, January 30th. Finally, Credit Suisse Group assumed coverage on Callon Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and a consensus target price of $16.34.
Callon Petroleum (CPE) opened at $11.25 on Thursday. The company has a market capitalization of $2,168.83, a P/E ratio of 20.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.70. Callon Petroleum has a one year low of $9.34 and a one year high of $13.92.
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.
Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.