Callon Petroleum Given Buy Rating at Robert W. Baird (CPE)
Callon Petroleum (NYSE:CPE)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research report issued on Friday, ARN reports. They currently have a $6.00 price objective on the stock. Robert W. Baird’s target price suggests a potential upside of 10.50% from the stock’s previous close.
CPE has been the subject of a number of other recent research reports. Analysts at SunTrust raised their price target on shares of Callon Petroleum (NYSE:CPE) from $5.75 to $6.75 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Callon Petroleum (NYSE:CPE) from $6.00 to $7.00 in a research note to investors on Tuesday, August 13th. They now have a “sector perform” rating on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Callon Petroleum (NYSE:CPE) in a research note to investors on Wednesday, July 10th. They now have a $4.75 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $6.00.
Shares of Callon Petroleum (NYSE:CPE) traded up 2.84% on Friday, hitting $5.43. The stock had a trading volume of 401,289 shares. Callon Petroleum has a 52-week low of $3.19 and a 52-week high of $6.21. The stock’s 50-day moving average is $4. and its 200-day moving average is $3.99. The company’s market cap is $219.0 million.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $19.10 million for the quarter, compared to the consensus estimate of $22.79 million. During the same quarter last year, the company posted $0.01 earnings per share. Callon Petroleum’s revenue was down 10.3% compared to the same quarter last year. On average, analysts predict that Callon Petroleum will post $-0.07 earnings per share 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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