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Callon Petroleum (NYSE:CPE) was downgraded by stock analysts at Howard Weil from an “outperform” rating to a “sector perform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.

CPE has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Callon Petroleum from $4.50 to $6.00 in a research note to investors on Monday, November 11th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Callon Petroleum from $5.00 to $7.00 in a research note to investors on Tuesday, October 22nd. They now have a “hold” rating on the stock. Finally, analysts at Capital One Financial Corp. downgraded shares of Callon Petroleum from an “add” rating to a “neutral” rating in a research note to investors on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $6.98.

Shares of Callon Petroleum (NYSE:CPE) traded up 4.12% during mid-day trading on Wednesday, hitting $6.82. 336,418 shares of the company’s stock traded hands. Callon Petroleum has a 52-week low of $3.19 and a 52-week high of $7.60. The stock has a 50-day moving average of $6.33 and a 200-day moving average of $5.32. The company’s market cap is $275.2 million.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Thursday, November 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.03) by $0.06. The company had revenue of $27.00 million for the quarter, compared to the consensus estimate of $28.78 million. During the same quarter last year, the company posted ($0.03) earnings per share. Callon Petroleum’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that Callon Petroleum will post $0.01 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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