Northland Securities set a $16.00 target price on Callon Petroleum (NYSE:CPE) in a report released on Monday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

Several other equities analysts have also issued reports on CPE. Imperial Capital started coverage on Callon Petroleum in a report on Tuesday, August 15th. They issued an outperform rating and a $16.00 target price for the company. Royal Bank of Canada set a $16.00 target price on Callon Petroleum and gave the company a buy rating in a report on Thursday, August 24th. BMO Capital Markets reaffirmed a buy rating and issued a $15.00 target price on shares of Callon Petroleum in a report on Wednesday, September 6th. Jefferies Group started coverage on Callon Petroleum in a report on Monday, October 9th. They issued a buy rating and a $16.00 target price for the company. Finally, Bank of America started coverage on Callon Petroleum in a report on Monday, October 16th. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. Callon Petroleum currently has a consensus rating of Buy and an average target price of $17.09.

Shares of Callon Petroleum (NYSE:CPE) opened at $10.88 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $2,200.01, a P/E ratio of 30.28 and a beta of 1.33. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $16.83.

Callon Petroleum (NYSE:CPE) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $84.60 million during the quarter, compared to the consensus estimate of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The business’s revenue was up 51.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. sell-side analysts predict that Callon Petroleum will post 0.39 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Callon Petroleum by 6.2% during the second quarter. FMR LLC now owns 16,132,114 shares of the oil and natural gas company’s stock worth $171,162,000 after acquiring an additional 934,847 shares in the last quarter. BlackRock Inc. lifted its position in shares of Callon Petroleum by 7.0% during the second 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Callon Petroleum by 47.9% during the third quarter. Dimensional Fund Advisors LP now owns 10,625,848 shares of the oil and natural gas company’s stock worth $119,434,000 after acquiring an additional 3,440,342 shares in the last quarter. State Street Corp lifted its position in shares of Callon Petroleum by 11.4% during the second quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock worth $83,244,000 after acquiring an additional 802,785 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Callon Petroleum by 1.3% during the second quarter. Goldman Sachs Group Inc. now owns 7,426,037 shares of the oil and natural gas company’s stock worth $78,790,000 after acquiring an additional 92,434 shares in 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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