Share on StockTwits

Investment analysts at Brean Capital hoisted their target price on shares of Callon Petroleum Company (NYSE:CPE) from $12.00 to $13.00 in a note issued to investors on Monday. Brean Capital’s target price suggests a potential upside of 16.59% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Callon Petroleum Company from $10.50 to $12.00 in a research note on Friday, July 11th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Callon Petroleum Company in a research note on Tuesday, July 1st. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at Maxim Group initiated coverage on shares of Callon Petroleum Company in a research note on Wednesday, June 11th. They set a “buy” rating and a $14.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $11.02.

Shares of Callon Petroleum Company (NYSE:CPE) traded down 0.18% during mid-day trading on Monday, hitting $11.15. The stock had a trading volume of 654,619 shares. Callon Petroleum Company has a one year low of $3.91 and a one year high of $12.09. The stock’s 50-day moving average is $11.08 and its 200-day moving average is $8.79. The company has a market cap of $451.0 million and a P/E ratio of 1595.71. Callon Petroleum Company also saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,237,976 shares, an increase of 97.6% from the June 13th total of 2,650,279 shares. Approximately 13.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,474,267 shares, the days-to-cover ratio is presently 3.6 days.

Callon Petroleum Company (NYSE:CPE) last announced its 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 $0.58 EPS for the current fiscal year.

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.