Share on StockTwits

Investment analysts at Imperial Capital began coverage on shares of Callon Petroleum Company (NYSE:CPE) in a note issued to investors on Friday. The firm set an “outperform” rating and a $13.00 price target on the stock. Imperial Capital’s price objective suggests a potential upside of 24.28% from the stock’s previous close.

Callon Petroleum Company (NYSE:CPE) opened at 10.46 on Friday. Callon Petroleum Company has a 1-year low of $3.19 and a 1-year high of $10.77. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $7.57. The company has a market cap of $423.1 million and a price-to-earnings ratio of 1450.00.

Callon Petroleum Company (NYSE:CPE) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 47.7% on a year-over-year basis. Analysts expect that Callon Petroleum Company will post $0.51 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Capital One Financial Corp. upgraded shares of Callon Petroleum Company from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 21st. Separately, analysts at Noble Financial upgraded shares of Callon Petroleum Company from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. They now have a $13.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Callon Petroleum Company from $10.00 to $12.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $10.25.

Callon Petroleum Company (NYSE:CPE) is an independent oil and natural gas company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.