SunTrust Banks reiterated their buy rating on shares of Callon Petroleum (NYSE:CPE) in a research note released on Tuesday. The brokerage currently has a $16.00 price target on the oil and natural gas company’s stock. SunTrust Banks also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.43 EPS, FY2018 earnings at $0.85 EPS, FY2019 earnings at $1.37 EPS and FY2020 earnings at $1.72 EPS.

Other analysts have also recently issued reports about the company. Deutsche Bank began coverage on Callon Petroleum in a research note on Thursday, February 1st. They issued a buy rating and a $15.00 price target for the company. Zacks Investment Research cut Callon Petroleum from a hold rating to a sell rating in a research note on Monday, February 5th. Northland Securities set a $16.00 price target on Callon Petroleum and gave the company a buy rating in a research note on Monday, December 11th. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the company a buy rating in a research report on Tuesday, October 10th. Finally, Bank of America started coverage on Callon Petroleum in a research report on Monday, October 16th. They issued a buy rating for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $16.39.

Shares of Callon Petroleum (CPE) opened at $10.26 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $2,080.00, a PE ratio of 23.86 and a beta of 1.15. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $15.02.

A number of large investors have recently added to or reduced their stakes in CPE. Prudential Financial Inc. boosted its position in Callon Petroleum by 10.7% during the 2nd quarter. Prudential Financial Inc. now owns 19,365 shares of the oil and natural gas company’s stock worth $205,000 after acquiring an additional 1,870 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Callon Petroleum by 3.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 223,208 shares of the oil and natural gas company’s stock worth $2,368,000 after acquiring an additional 6,949 shares during the last quarter. Nationwide Fund Advisors boosted its position in Callon Petroleum by 20.1% during the 2nd quarter. Nationwide Fund Advisors now owns 291,018 shares of the oil and natural gas company’s stock worth $3,088,000 after acquiring an additional 48,676 shares during the last quarter. BlackRock Inc. boosted its position in Callon Petroleum by 7.0% during the 2nd quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock worth $137,439,000 after acquiring an additional 851,876 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Callon Petroleum by 13.3% during the 2nd quarter. Amalgamated Bank now owns 24,509 shares of the oil and natural gas company’s stock worth $260,000 after acquiring an additional 2,876 shares during the last quarter.

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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)

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