Callon Petroleum (CPE) Rating Reiterated by Imperial Capital
Imperial Capital reissued their outperform rating on shares of Callon Petroleum (NYSE:CPE) in a research report released on Thursday morning, Marketbeat reports. Imperial Capital currently has a $21.00 target price on the oil and natural gas company’s stock, up from their prior target price of $17.00.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Callon Petroleum from a sell rating to a hold rating in a research note on Monday, February 12th. SunTrust Banks reiterated a buy rating and issued a $16.00 target price on shares of Callon Petroleum in a report on Tuesday, February 6th. B. Riley assumed coverage on shares of Callon Petroleum in a report on Monday, February 5th. They issued a neutral rating and a $11.75 target price for the company. Deutsche Bank assumed coverage on shares of Callon Petroleum in a report on Thursday, February 1st. They issued a buy rating and a $15.00 target price for the company. Finally, Jefferies Group reiterated a buy rating and issued a $17.00 target price on shares of Callon Petroleum in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. Callon Petroleum currently has an average rating of Buy and a consensus price target of $16.34.
Callon Petroleum (NYSE:CPE) opened at $11.25 on Thursday. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $13.92. The firm has a market cap of $2,271.82, a price-to-earnings ratio of 26.16 and a beta of 1.19. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33.
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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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