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Howard Weil lifted their price objective on shares of Callon Petroleum Company (NYSE:CPE) from $17.00 to $20.00 in a research note issued on Wednesday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s target price indicates a potential upside of 92.49% from the company’s current price.

Shares of Callon Petroleum Company (NYSE:CPE) opened at 10.39 on Wednesday. Callon Petroleum Company has a one year low of $4.49 and a one 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 $424.4 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 for the quarter, meeting the analysts’ 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 last year, the company posted ($0.02) earnings per share. Callon Petroleum Company’s revenue was up 77.6% compared to the same quarter last year. Analysts expect that Callon Petroleum Company will post $0.57 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on CPE. 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 Wednesday. They now have a “buy” rating on the stock. Separately, 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. 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 currently has a consensus rating of “Buy” and a consensus target price of $11.71.

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

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