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Equities research analysts at Northland Capital Partners hoisted their price target on shares of Callon Petroleum (NYSE:CPE) from $6.50 to $7.00 in a research note issued to investors on Monday, Analyst RN reports. The firm currently has a “market perform” rating on the stock. Northland Capital Partners’ price target would suggest a potential upside of 3.70% from the stock’s previous close.

A number of other analysts have also recently weighed in on CPE. Analysts at Howard Weil downgraded shares of Callon Petroleum from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, January 8th. 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $7.03.

Shares of Callon Petroleum (NYSE:CPE) traded down 4.30% on Monday, hitting $6.46. The stock had a trading volume of 294,058 shares. Callon Petroleum has a one year low of $3.19 and a one year high of $7.60. The stock has a 50-day moving average of $6.44 and a 200-day moving average of $5.67. The company’s market cap is $260.6 million.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ 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.

Callon Petroleum Company (NYSE:CPE) is engaged in the exploration, development, acquisition and production of oil and natural gas properties.

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