ValuEngine lowered shares of Callon Petroleum (NYSE:CPE) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
Several other equities analysts have also recently weighed in on CPE. Credit Suisse Group assumed coverage on shares of Callon Petroleum in a research note on Monday, December 11th. They set a neutral rating and a $12.00 price target for the company. Northland Securities set a $16.00 price target on shares of Callon Petroleum and gave the stock a buy rating in a research note on Monday, December 11th. Scotiabank set a $16.00 price target on shares of Callon Petroleum and gave the stock a buy rating in a research note on Saturday, November 25th. Piper Jaffray Companies assumed coverage on shares of Callon Petroleum in a research note on Thursday, January 4th. They set an overweight rating and a $15.00 price target for the company. Finally, Citigroup cut shares of Callon Petroleum from a buy rating to a neutral rating and set a $13.00 price target for the company. in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $16.35.
Shares of Callon Petroleum (NYSE:CPE) opened at $11.73 on Wednesday. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $13.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2,368.74, a P/E ratio of 27.28 and a beta of 1.19.
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About Callon Petroleum
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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