Callon Petroleum Co. (NYSE:CPE) gapped up prior to trading on Wednesday . The stock had previously closed at $14.08, but opened at $14.15. Callon Petroleum shares last traded at $14.51, with a volume of 1,639,411 shares traded.

Several equities research analysts have commented on CPE shares. Zacks Investment Research upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, June 29th. Imperial Capital restated an “outperform” rating and issued a $14.00 price objective on shares of Callon Petroleum in a research report on Wednesday, June 8th. RBC Capital Markets upgraded Callon Petroleum from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $18.00 in a research report on Thursday, September 8th. They noted that the move was a valuation call. KeyCorp increased their target price on Callon Petroleum from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Finally, KLR Group reiterated a “buy” rating and set a $21.00 target price (up previously from $18.00) on shares of Callon Petroleum in a research report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.73.

The stock has a 50 day moving average price of $14.08 and a 200 day moving average price of $11.36. The firm’s market capitalization is $1.95 billion.

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Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by $0.65. The firm had revenue of $45.14 million for the quarter, compared to analyst estimates of $47.75 million. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. Callon Petroleum’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. On average, analysts predict that Callon Petroleum Co. will post $0.26 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CPE. Legal & General Group Plc raised its position in shares of Callon Petroleum by 13.1% in the first quarter. Legal & General Group Plc now owns 12,043 shares of the company’s stock worth $106,000 after buying an additional 1,395 shares during the period. US Bancorp DE raised its position in shares of Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock worth $107,000 after buying an additional 2,730 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Callon Petroleum during the second quarter worth about $115,000. Capital Fund Management S.A. acquired a new position in shares of Callon Petroleum during the second quarter worth about $116,000. Finally, Genesee Valley Trust Co. acquired a new position in shares of Callon Petroleum during the second quarter worth about $119,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Callon Petroleum Company Profile

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.

5 Day Chart for NYSE:CPE

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