Research analysts at Global Hunter Securities upped their target price on shares of Callon Petroleum (NYSE:CPE) from $4.50 to $6.00 in a report released on Monday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. Global Hunter Securities’ price objective indicates a potential downside of 11.63% from the company’s current price.
CPE has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Callon Petroleum from $5.00 to $7.00 in a research note to investors on Tuesday, October 22nd. They now have a “hold” rating on the stock. Separately, analysts at Capital One Financial Corp. downgraded shares of Callon Petroleum from an “add” rating to a “neutral” rating in a research note to investors on Tuesday, October 22nd. Finally, analysts at Robert W. Baird raised their price target on shares of Callon Petroleum from $6.00 to $8.00 in a research note to investors on Friday, October 18th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Callon Petroleum currently has a consensus rating of “Buy” and an average target price of $6.90.
Callon Petroleum (NYSE:CPE) traded down 1.74% during mid-day trading on Monday, hitting $6.79. 410,793 shares of the company’s stock traded hands. Callon Petroleum has a 52-week low of $3.19 and a 52-week high of $7.60. The stock’s 50-day moving average is $6.17 and its 200-day moving average is $4.51. The company’s market cap is $273.8 million.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.06. The company had revenue of $27.00 million for the quarter, compared to the consensus estimate of $28.78 million. During the same quarter last year, the company posted ($0.03) earnings per share. Callon Petroleum’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that Callon Petroleum will post $-0.04 EPS for the current fiscal year.
Callon Petroleum Company (NYSE:CPE) is engaged in the exploration, development, acquisition and production of oil and natural gas properties.
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