Callon Petroleum (CPE) Earns Buy Rating from SunTrust Banks
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.
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.
Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.