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Callon Petroleum Company (NYSE:CPE)‘s stock had its “outperform” rating reiterated by analysts at Imperial Capital in a research report issued to clients and investors on Thursday. They currently have a $14.00 price target on the stock, up from their previous price target of $13.00. Imperial Capital’s price target indicates a potential upside of 29.63% from the company’s current price.

Callon Petroleum Company (NYSE:CPE) opened at 10.80 on Thursday. 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 $441.1 million and a price-to-earnings ratio of 146.34.

Callon Petroleum Company (NYSE:CPE) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue 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.

A number of other analysts have also recently weighed in on CPE. 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. Separately, 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. Finally, 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. They now have a $13.00 price target on the stock, up previously from $11.00. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $12.54.

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

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