Callon Petroleum Downgraded to Neutral at Capital One Financial Corp. (CPE)
Callon Petroleum (NYSE:CPE) was downgraded by stock analysts at Capital One Financial Corp. to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Callon Petroleum from $6.00 to $8.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Noble Financial initiated coverage on shares of Callon Petroleum in a research note to investors on Wednesday, October 16th. They set a “buy” rating and a $8.25 price target on the stock. Finally, analysts at MLV Capital initiated coverage on shares of Callon Petroleum in a research note to investors on Wednesday, October 16th. They set a “buy” rating and a $8.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Callon Petroleum currently has an average rating of “Buy” and an average price target of $6.60.
Callon Petroleum (NYSE:CPE) opened at 7.09 on Tuesday. Callon Petroleum has a 52 week low of $3.19 and a 52 week high of $7.60. The stock’s 50-day moving average is $5.37 and its 200-day moving average is $4.1. The company’s market cap is $285.9 million.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data 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. Analysts expect that Callon Petroleum will post $-0.07 EPS 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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