Share on StockTwits

Stock analysts at Maxim Group lifted their price objective on shares of Callon Petroleum Company (NYSE:CPE) from $14.00 to $16.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Maxim Group’s price target would indicate a potential upside of 48.15% from the company’s current price.

Shares of Callon Petroleum Company (NYSE:CPE) traded down 5.56% during mid-day trading on Thursday, hitting $10.20. 859,349 shares of the company’s stock traded hands. Callon Petroleum Company has a 1-year low of $4.49 and a 1-year 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 $416.6 million and a P/E ratio of 152.11.

Callon Petroleum Company (NYSE:CPE) last posted its 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. 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 Imperial Capital raised their price target on shares of Callon Petroleum Company from $13.00 to $14.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Callon Petroleum Company in a research note on Wednesday. They now have a $17.00 price target on the stock, up previously from $15.00. Finally, 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. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $12.66.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.