Callon Petroleum Company (NYSE:CPE) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.

CPE has been the topic of several other research reports. Credit Suisse Group restated an “outperform” rating and issued a $18.00 price target on shares of Callon Petroleum Company in a research report on Friday, June 2nd. Echelon Wealth Partners upgraded Callon Petroleum Company to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, April 13th. Deutsche Bank AG dropped their price target on Callon Petroleum Company from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, March 7th. BMO Capital Markets restated a “buy” rating and issued a $17.00 price target on shares of Callon Petroleum Company in a research report on Sunday, March 12th. Finally, Citigroup Inc. upgraded Callon Petroleum Company from a “neutral” rating to a “buy” rating in a research report on Thursday, March 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $18.00.

Callon Petroleum Company (NYSE CPE) traded up 0.77% on Wednesday, hitting $10.45. The stock had a trading volume of 4,885,053 shares. Callon Petroleum Company has a 52-week low of $9.78 and a 52-week high of $18.53. The firm’s 50-day moving average is $11.62 and its 200-day moving average is $13.39. The company’s market cap is $2.10 billion.

Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $81.36 million for the quarter, compared to analysts’ expectations of $80.22 million. Callon Petroleum Company had a positive return on equity of 4.23% and a negative net margin of 1.42%. Equities research analysts anticipate that Callon Petroleum Company will post $0.61 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of CPE. Putnam Investments LLC raised its stake in Callon Petroleum Company by 16.3% in the fourth quarter. Putnam Investments LLC now owns 508,183 shares of the oil and natural gas company’s stock worth $7,810,000 after buying an additional 71,078 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Callon Petroleum Company by 296.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company’s stock worth $114,000 after buying an additional 5,506 shares during the last quarter. AQR Capital Management LLC raised its stake in Callon Petroleum Company by 48.6% in the fourth quarter. AQR Capital Management LLC now owns 284,476 shares of the oil and natural gas company’s stock worth $4,372,000 after buying an additional 92,993 shares during the last quarter. Guggenheim Capital LLC raised its stake in Callon Petroleum Company by 34.7% in the fourth quarter. Guggenheim Capital LLC now owns 38,171 shares of the oil and natural gas company’s stock worth $587,000 after buying an additional 9,824 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in Callon Petroleum Company by 18.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 103,239 shares of the oil and natural gas company’s stock worth $1,587,000 after buying an additional 15,940 shares during the last quarter.

Callon Petroleum Company 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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

Analyst Recommendations for Callon Petroleum Company (NYSE:CPE)

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