Research Analysts’ Recent Ratings Updates for Callon Petroleum (CPE)

A number of firms have modified their ratings and price targets on shares of Callon Petroleum (NYSE: CPE) recently:

  • 8/5/2017 – Callon Petroleum was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Callon Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. “
  • 7/24/2017 – Callon Petroleum was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. “
  • 7/21/2017 – Callon Petroleum had its price target lowered by analysts at Citigroup Inc. from $15.00 to $14.00. They now have a “buy” rating on the stock.
  • 7/18/2017 – Callon Petroleum was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. “
  • 7/17/2017 – Callon Petroleum was given a new $18.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 7/13/2017 – Callon Petroleum had its price target lowered by analysts at Citigroup Inc. from $17.00 to $15.00. They now have a “buy” rating on the stock.
  • 7/7/2017 – Callon Petroleum had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $14.00 price target on the stock.
  • 7/1/2017 – Callon Petroleum was given a new $15.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 6/28/2017 – Callon Petroleum was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/26/2017 – Callon Petroleum was given a new $15.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.
  • 6/21/2017 – Callon Petroleum was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating. They now have a $10.00 price target on the stock, down previously from $19.00.
  • 6/20/2017 – Callon Petroleum is now covered by analysts at Tudor Pickering. They set a “buy” rating and a $26.00 price target on the stock.
  • 6/20/2017 – Callon Petroleum was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/14/2017 – Callon Petroleum was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Callon Petroleum Company (CPE) traded up 0.67% during trading on Wednesday, reaching $10.50. 1,218,133 shares of the company’s stock traded hands. Callon Petroleum Company has a 12 month low of $9.63 and a 12 month high of $18.53. The company has a market cap of $2.12 billion, a P/E ratio of 20.00 and a beta of 1.44. The firm’s 50 day moving average is $10.70 and its 200 day moving average is $12.29.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $82.30 million during the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.61) earnings per share. Analysts anticipate that Callon Petroleum Company will post $0.53 EPS for the current year.

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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