Callon Petroleum Coverage Initiated by Analysts at Noble Financial (CPE)
Investment analysts at Noble Financial assumed coverage on shares of Callon Petroleum (NYSE:CPE) in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm set a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at MLV Capital initiated coverage on shares of Callon Petroleum in a research note to investors on Wednesday. They set a “buy” rating and a $8.00 price target on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Callon Petroleum in a research note to investors on Tuesday. They set a “market perform” rating and a $6.50 price target on the stock. Finally, 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 and a $6.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $6.27.
Callon Petroleum (NYSE:CPE) traded up 3.90% during mid-day trading on Wednesday, hitting $6.12. 256,491 shares of the company’s stock traded hands. 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 $5.10 and its 200-day moving average is $4.09. The company’s market cap is $246.8 million.
Callon Petroleum (NYSE:CPE) last released its earnings data on Thursday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter 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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