Callon Petroleum Coverage Initiated at Northland Securities (CPE)
Analysts at Northland Securities assumed coverage on shares of Callon Petroleum (NYSE:CPE) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird reiterated a “buy” rating on shares of Callon Petroleum in a research note to investors on Friday, October 4th. They now have a $6.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Callon Petroleum from $5.75 to $6.75 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Finally, analysts at Howard Weil raised their price target on shares of Callon Petroleum 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Callon Petroleum presently has an average rating of “Buy” and an average price target of $6.06.
Shares of Callon Petroleum (NYSE:CPE) opened at 5.70 on Tuesday. Callon Petroleum has a 52-week low of $3.19 and a 52-week high of $6.21. The stock has a 50-day moving average of $5.06 and a 200-day moving average of $4.08. The company’s market cap is $229.9 million.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Thursday, August 8th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis. 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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