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

Callon Petroleum (NYSE: CPE) recently received a number of ratings updates from brokerages and research firms:

  • 6/24/2019 – Callon Petroleum was given a new $8.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 6/14/2019 – Callon Petroleum was given a new $12.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 6/13/2019 – Callon Petroleum was given a new $12.00 price target on by analysts at Williams Capital. They now have a “buy” rating on the stock.
  • 6/13/2019 – Callon Petroleum was given a new $11.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 5/23/2019 – Callon Petroleum was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating.
  • 5/22/2019 – Callon Petroleum was given a new $11.00 price target on by analysts at Stephens. They now have a “buy” rating on the stock.

NYSE CPE opened at $6.25 on Wednesday. The company has a 50-day moving average of $6.88. Callon Petroleum has a 12 month low of $5.57 and a 12 month high of $13.09. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.69 and a beta of 1.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.53 and a quick ratio of 0.53.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Monday, May 6th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $153.05 million for the quarter, compared to the consensus estimate of $144.68 million. Callon Petroleum had a return on equity of 7.55% and a net margin of 36.70%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, analysts forecast that Callon Petroleum will post 0.84 earnings per share for the current year.

Several large investors have recently made changes to their positions in CPE. Private Capital Group LLC lifted its stake in shares of Callon Petroleum by 135.5% in the 1st quarter. Private Capital Group LLC now owns 4,164 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 2,396 shares during the period. Cipher Capital LP acquired a new position in shares of Callon Petroleum in the 4th quarter valued at about $72,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Callon Petroleum in the 4th quarter valued at about $73,000. Miller Investment Management LP acquired a new position in shares of Callon Petroleum in the 1st quarter valued at about $76,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Callon Petroleum in the 1st quarter valued at about $81,000.

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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

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