Callon Petroleum Company Price Target Increased to $13.00 by Analysts at Brean Capital (CPE)
Research analysts at Brean Capital increased their target price on shares of Callon Petroleum Company (NYSE:CPE) from $12.00 to $13.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective would indicate a potential upside of 25.12% from the company’s current price.
Shares of Callon Petroleum Company (NYSE:CPE) traded up 0.96% during mid-day trading on Wednesday, hitting $10.49. The stock had a trading volume of 369,368 shares. Callon Petroleum Company has a 1-year low of $4.49 and a 1-year high of $12.09. The stock’s 50-day moving average is $10.25 and its 200-day moving average is $9.59. The company has a market cap of $428.4 million and a P/E ratio of 146.34.
Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter 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 other firms have also 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 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.71.
Callon Petroleum Company (NYSE:CPE) is an independent oil and natural gas company.
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