Callon Petroleum Company (NYSE:CPE) has been assigned a consensus recommendation of “Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.75.

A number of research analysts have commented on the company. Echelon Wealth Partners raised Callon Petroleum to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, April 13th. EuroPacific Canada raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, April 13th. Eurobank EFG raised Callon Petroleum from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, April 13th. Scotiabank reaffirmed a “buy” rating and set a $18.00 price target on shares of Callon Petroleum in a research report on Monday, May 15th. Finally, ValuEngine lowered Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th.

Shares of Callon Petroleum (CPE) traded down 0.57% during mid-day trading on Friday, hitting $10.42. The stock had a trading volume of 2,426,336 shares. The stock has a market cap of $2.10 billion, a P/E ratio of 19.85 and a beta of 1.44. The firm has a 50 day moving average price of $10.74 and a 200-day moving average price of $12.08. Callon Petroleum has a 12 month low of $9.63 and a 12 month high of $18.53.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.61) EPS. On average, equities research analysts forecast that Callon Petroleum will post $0.53 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPE. Baker Avenue Asset Management LP raised its position in Callon Petroleum by 180.3% in the second quarter. Baker Avenue Asset Management LP now owns 96,710 shares of the oil and natural gas company’s stock worth $1,026,000 after buying an additional 62,210 shares during the period. Parametric Portfolio Associates LLC raised its position in Callon Petroleum by 94.9% in the second quarter. Parametric Portfolio Associates LLC now owns 695,755 shares of the oil and natural gas company’s stock worth $7,382,000 after buying an additional 338,833 shares during the period. Advisor Group Inc. raised its position in Callon Petroleum by 16.5% in the second quarter. Advisor Group Inc. now owns 18,887 shares of the oil and natural gas company’s stock worth $200,000 after buying an additional 2,669 shares during the period. Suntrust Banks Inc. raised its position in Callon Petroleum by 26.5% in the second quarter. Suntrust Banks Inc. now owns 32,582 shares of the oil and natural gas company’s stock worth $343,000 after buying an additional 6,834 shares during the period. Finally, M&T Bank Corp raised its position in Callon Petroleum by 16.6% in the second quarter. M&T Bank Corp now owns 15,100 shares of the oil and natural gas company’s stock worth $160,000 after buying an additional 2,154 shares during the period.

WARNING: “Callon Petroleum Company (CPE) Receives Average Recommendation of “Buy” from Brokerages” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/11/callon-petroleum-company-cpe-receives-average-recommendation-of-buy-from-brokerages.html.

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

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

Receive News & Ratings for Callon Petroleum Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum Company and related companies with MarketBeat.com's FREE daily email newsletter.