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Shares of Callon Petroleum Company (NYSE:CPE) have received an average recommendation of “Buy” from the seventeen ratings firms that are covering the company, AnalystRatings.NET reports. Six analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.04.

Shares of Callon Petroleum Company (NYSE:CPE) traded up 0.38% on Friday, hitting $10.43. 109,690 shares of the company’s stock traded hands. Callon Petroleum Company has a 52-week low of $4.46 and a 52-week high of $12.09. The stock has a 50-day moving average of $10.36 and a 200-day moving average of $9.46. The company has a market cap of $426.0 million and a P/E ratio of 146.34.

Callon Petroleum Company (NYSE:CPE) last released its earnings data on Wednesday, August 6th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.14. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $37.81 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 77.6% on a year-over-year basis. On average, analysts predict that Callon Petroleum Company will post $0.57 earnings per share for the current fiscal year.

A number of research firms have recently commented on CPE. Analysts at Zacks downgraded shares of Callon Petroleum Company from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $11.60 price target on the stock. Separately, analysts at Brean Capital cut their price target on shares of Callon Petroleum Company from $13.00 to $12.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Callon Petroleum Company from $12.00 to $13.00 in a research note on Monday, July 21st.

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

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