ValuEngine upgraded shares of Callon Petroleum (NYSE:CPE) from a sell rating to a hold rating in a research report released on Thursday morning.

CPE has been the subject of a number of other research reports. Zacks Investment Research raised Callon Petroleum from a hold rating to a buy rating and set a $12.00 price target for the company in a research report on Wednesday, July 18th. Barclays started coverage on Callon Petroleum in a research report on Wednesday, August 29th. They set an overweight rating and a $14.00 price target for the company. Piper Jaffray Companies reaffirmed a buy rating and set a $20.00 price target on shares of Callon Petroleum in a research report on Sunday, August 12th. Stifel Nicolaus lifted their price target on Callon Petroleum from $20.00 to $21.00 and gave the stock a buy rating in a research report on Tuesday, June 12th. Finally, TheStreet cut Callon Petroleum from a b rating to a c+ rating in a research report on Monday, June 18th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $16.11.

Callon Petroleum stock opened at $11.73 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.67 billion, a PE ratio of 27.93 and a beta of 1.10. Callon Petroleum has a 1-year low of $9.75 and a 1-year high of $14.65.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, August 6th. The oil and natural gas company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Callon Petroleum had a return on equity of 7.25% and a net margin of 31.27%. The firm had revenue of $137.10 million for the quarter, compared to analyst estimates of $133.66 million. During the same period in the prior year, the firm posted $0.09 EPS. The business’s revenue was up 66.6% compared to the same quarter last year. equities research analysts expect that Callon Petroleum will post 0.86 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Miller Investment Management LP acquired a new position in shares of Callon Petroleum in the 1st quarter valued at about $132,000. Prospera Financial Services Inc acquired a new position in shares of Callon Petroleum in the 2nd quarter valued at about $113,000. Marietta Investment Partners LLC acquired a new position in shares of Callon Petroleum in the 2nd quarter valued at about $153,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Callon Petroleum by 175.9% in the 1st quarter. Cubist Systematic Strategies LLC now owns 14,654 shares of the oil and natural gas company’s stock valued at $194,000 after buying an additional 9,343 shares during the period. Finally, HPM Partners LLC acquired a new position in shares of Callon Petroleum in the 2nd quarter valued at about $161,000.

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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Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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