MLV & Co Increases Callon Petroleum Company Price Target to $16.00 (CPE)
Research analysts at MLV & Co
hoisted their target price on shares of Callon Petroleum Company (NYSE:CPE) from $14.00 to $16.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock. MLV & Co
‘s price target points to a potential upside of 53.99% from the company’s current price.
Shares of Callon Petroleum Company (NYSE:CPE) traded up 1.73% on Wednesday, hitting $10.57. The stock had a trading volume of 680,907 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 $431.7 million and a P/E ratio of 146.34.
Callon Petroleum Company (NYSE:CPE) last posted its quarterly earnings results 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.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. 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 Wednesday. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.44.
Callon Petroleum Company (NYSE:CPE) is an independent oil and natural gas company.
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