Mizuho set a $15.00 target price on Callon Petroleum (NYSE:CPE) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

Other equities research analysts have also recently issued research reports about the company. Northland Securities restated a buy rating and set a $18.00 price objective on shares of Callon Petroleum in a report on Wednesday, November 1st. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the stock a buy rating in a report on Tuesday, November 14th. Piper Jaffray Companies initiated coverage on Callon Petroleum in a report on Thursday, January 4th. They set an overweight rating and a $15.00 price objective for the company. Citigroup cut Callon Petroleum from a buy rating to a neutral rating and set a $13.00 price objective for the company. in a report on Wednesday, January 3rd. Finally, Credit Suisse Group initiated coverage on Callon Petroleum in a report on Monday, December 11th. They set a neutral rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $16.70.

Shares of Callon Petroleum (NYSE:CPE) traded down $0.41 during midday trading on Tuesday, reaching $12.50. The company’s stock had a trading volume of 5,340,900 shares, compared to its average volume of 4,748,430. The firm has a market capitalization of $2,520.00, a P/E ratio of 29.07 and a beta of 1.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $15.81.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. Callon Petroleum’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. equities analysts forecast that Callon Petroleum will post 0.4 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Zions Bancorporation bought a new stake in shares of Callon Petroleum in the third quarter valued at approximately $105,000. Fondren Management LP bought a new stake in shares of Callon Petroleum in the second quarter valued at approximately $106,000. BB&T Securities LLC bought a new stake in shares of Callon Petroleum in the third quarter valued at approximately $112,000. Intrust Bank NA bought a new stake in shares of Callon Petroleum in the third quarter valued at approximately $139,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Callon Petroleum in the second quarter valued at approximately $133,000.

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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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