Callon Petroleum Company Rating Reiterated by Canaccord Genuity (CPE)
Callon Petroleum Company (NYSE:CPE)‘s stock had its “hold” rating reiterated by Canaccord Genuity in a research note issued on Monday, AR Network reports. They currently have a $9.50 price objective on the stock, up from their previous price objective of $8.50. Canaccord Genuity’s target price suggests a potential upside of 0.32% from the stock’s previous close.
Callon Petroleum Company (NYSE:CPE) traded up 8.29% on Monday, hitting $10.255. 985,861 shares of the company’s stock traded hands. Callon Petroleum Company has a one year low of $3.19 and a one year high of $9.98. The stock’s 50-day moving average is $8.87 and its 200-day moving average is $7.26. The company has a market cap of $413.9 million and a P/E ratio of 1352.86.
Callon Petroleum Company (NYSE:CPE) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.06. The company had revenue of $33.29 million for the quarter, compared to the consensus estimate of $28.47 million. Callon Petroleum Company’s revenue was up 47.7% compared to the same quarter last year. Analysts expect that Callon Petroleum Company will post $0.31 EPS for the current fiscal year.
A number of other firms have also recently commented on CPE. Analysts at Citigroup Inc. raised their price target on shares of Callon Petroleum Company from $7.00 to $12.00 in a research note on Monday. They now have an “outperform” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Northland Securities upgraded shares of Callon Petroleum Company from a “market perform” rating to an “outperform” rating in a research note on Monday. They now have a $12.00 price target on the stock, up previously from $7.00. Finally, analysts at Brean Capital initiated coverage on shares of Callon Petroleum Company in a research note on Friday. They set a “buy” rating and a $12.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $9.23.
Callon Petroleum Company (NYSE:CPE) is an independent oil and natural gas company.
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