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Equities research analysts at Canaccord Genuity upped their target price on shares of Callon Petroleum Company (NYSE:CPE) from $15.00 to $17.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 63.62% from the stock’s previous close.

Callon Petroleum Company (NYSE:CPE) traded up 2.02% during mid-day trading on Wednesday, hitting $10.60. The stock had a trading volume of 602,894 shares. Callon Petroleum Company has a 52 week low of $4.49 and a 52 week high of $12.09. The stock has a 50-day moving average of $10.25 and a 200-day moving average of $9.59. The company has a market cap of $432.9 million and a price-to-earnings ratio of 146.34.

Callon Petroleum Company (NYSE:CPE) last announced its earnings results 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. Analysts expect that Callon Petroleum Company will post $0.57 EPS for the current fiscal year.

CPE has been the subject of a number of other recent research reports. Analysts at MLV & Co
raised their price target on shares of Callon Petroleum Company from $14.00 to $16.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Capital One Financial Corp. upgraded shares of Callon Petroleum Company from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Finally, analysts at Howard Weil raised their price target on shares of Callon Petroleum Company from $17.00 to $20.00 in a research note on Wednesday. They now have a “sector outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Callon Petroleum Company presently has a consensus rating of “Buy” and an average target price of $12.44.

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

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