Callon Petroleum Company (CPE) Stock Rating Reaffirmed by Scotiabank

Scotiabank reiterated their buy rating on shares of Callon Petroleum Company (NYSE:CPE) in a research report report published on Monday, May 15th, StockTargetPrices.com reports. They currently have a $18.00 price objective on the oil and natural gas company’s stock.

CPE has been the topic of several other research reports. Roth Capital set a $23.00 price target on shares of Callon Petroleum Company and gave the stock a buy rating in a research note on Saturday, April 1st. Evercore ISI lowered shares of Callon Petroleum Company from an outperform rating to an in-line rating and dropped their price target for the stock from $17.00 to $16.00 in a research note on Wednesday, April 19th. Eurobank EFG upgraded shares of Callon Petroleum Company from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Thursday, April 13th. Mizuho dropped their price target on shares of Callon Petroleum Company from $18.00 to $14.00 and set a neutral rating on the stock in a research note on Wednesday, March 1st. Finally, EuroPacific Canada upgraded shares of Callon Petroleum Company from a neutral rating to a buy rating and set a $17.00 price target on the stock in a research note on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $18.05.

Callon Petroleum Company (CPE) traded down 0.20% during trading on Monday, hitting $10.03. 5,966,870 shares of the company traded hands. The firm has a 50 day moving average of $11.71 and a 200 day moving average of $13.53. The firm’s market cap is $2.02 billion. Callon Petroleum Company has a one year low of $9.78 and a one year high of $18.53.

Callon Petroleum Company (NYSE:CPE) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. Callon Petroleum Company had a negative net margin of 1.42% and a positive return on equity of 4.23%. The company had revenue of $81.36 million for the quarter, compared to analyst estimates of $80.22 million. On average, analysts expect that Callon Petroleum Company will post $0.60 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of 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 period. Sei Investments Co. boosted its stake in shares of Callon Petroleum Company by 607.0% in the third quarter. Sei Investments Co. now owns 8,321 shares of the oil and natural gas company’s stock worth $131,000 after buying an additional 7,144 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Callon Petroleum Company by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after buying an additional 3,896 shares during the period. Strs Ohio boosted its stake in shares of Callon Petroleum Company by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after buying an additional 600 shares during the period. Finally, Green Square Capital LLC purchased a new stake in shares of Callon Petroleum Company during the first quarter worth about $132,000.

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.

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