Callon Petroleum (NYSE:CPE) Given New $63.00 Price Target at Mizuho

Callon Petroleum (NYSE:CPE) had its price target raised by Mizuho from $59.00 to $63.00 in a report published on Monday morning, MarketBeat.com reports. Mizuho currently has a buy rating on the oil and natural gas company’s stock.

A number of other equities analysts have also issued reports on CPE. StockNews.com lowered shares of Callon Petroleum from a hold rating to a sell rating in a research report on Friday, August 25th. Truist Financial dropped their target price on shares of Callon Petroleum from $51.00 to $48.00 and set a buy rating on the stock in a research report on Monday, August 7th. Morgan Stanley lifted their price target on shares of Callon Petroleum from $40.00 to $41.00 and gave the stock an equal weight rating in a research note on Friday, August 18th. Stifel Nicolaus decreased their price target on shares of Callon Petroleum from $58.00 to $53.00 in a research note on Tuesday, May 23rd. Finally, Citigroup upgraded shares of Callon Petroleum from a neutral rating to a buy rating and lifted their price target for the stock from $40.00 to $45.00 in a research note on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $51.00.

Callon Petroleum Stock Down 0.2 %

CPE opened at $38.50 on Monday. Callon Petroleum has a 1-year low of $28.91 and a 1-year high of $50.19. The business has a 50 day moving average of $37.05 and a 200-day moving average of $34.83. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 2.55 and a beta of 2.74. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.64.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. Callon Petroleum had a net margin of 35.11% and a return on equity of 21.41%. The business had revenue of $562.30 million for the quarter, compared to analyst estimates of $561.08 million. During the same quarter in the previous year, the firm posted $3.68 earnings per share. Callon Petroleum’s revenue was down 38.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Callon Petroleum will post 7.49 earnings per share for the current year.

Institutional Investors Weigh In On Callon Petroleum

Several institutional investors and hedge funds have recently made changes to their positions in CPE. Strs Ohio acquired a new stake in shares of Callon Petroleum in the 1st quarter valued at $26,000. State of Wyoming acquired a new stake in shares of Callon Petroleum in the 2nd quarter valued at $30,000. Banque Cantonale Vaudoise acquired a new stake in shares of Callon Petroleum in the 1st quarter valued at $33,000. CWM LLC boosted its stake in shares of Callon Petroleum by 260.7% in the 2nd quarter. CWM LLC now owns 1,100 shares of the oil and natural gas company’s stock valued at $39,000 after purchasing an additional 795 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Callon Petroleum in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 92.79% of the company’s stock.

About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. The company was founded in 1950 and is headquartered in Houston, Texas.