Callon Petroleum Now Covered by Northland Capital Partners (CPE)
Investment analysts at Northland Capital Partners initiated coverage on shares of Callon Petroleum (NYSE:CPE) in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm set a “market perform” rating and a $6.50 price target on the stock. Northland Capital Partners’ price target suggests a potential upside of 14.04% from the company’s current price.
A number of other analysts have also recently weighed in on CPE. Analysts at Northland Securities initiated coverage on shares of Callon Petroleum in a research note to investors on Tuesday. They set a “market perform” rating on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price 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’s 50-day moving average is $5.06 and its 200-day moving average is $4.08. The company’s market cap is $229.9 million.
Callon Petroleum (NYSE:CPE) last released its earnings data 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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