Northland Securities set a $11.00 price objective on Callon Petroleum (NYSE:CPE) in a research report released on Thursday, TipRanks reports. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

A number of other research firms also recently weighed in on CPE. Stephens set a $11.00 target price on shares of Callon Petroleum and gave the company a buy rating in a research report on Wednesday, May 22nd. Capital One Financial raised shares of Callon Petroleum from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. SunTrust Banks set a $12.00 price objective on shares of Callon Petroleum and gave the stock a buy rating in a report on Tuesday, April 23rd. Morgan Stanley began coverage on shares of Callon Petroleum in a report on Thursday, March 21st. They issued an equal weight rating and a $9.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Callon Petroleum from a hold rating to a strong sell rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $13.00.

Shares of CPE stock opened at $6.25 on Thursday. Callon Petroleum has a 52-week low of $5.57 and a 52-week high of $13.09. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 7.62, a PEG ratio of 0.63 and a beta of 1.55.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, May 6th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Callon Petroleum had a net margin of 36.70% and a return on equity of 7.55%. The business had revenue of $153.05 million during the quarter, compared to the consensus estimate of $144.68 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities analysts expect that Callon Petroleum will post 0.9 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPE. Rockefeller Capital Management L.P. raised its position in shares of Callon Petroleum by 830.8% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,593 shares of the oil and natural gas company’s stock valued at $27,000 after buying an additional 3,207 shares in the last quarter. Private Capital Group LLC raised its position in shares of Callon Petroleum by 135.5% during the 1st quarter. Private Capital Group LLC now owns 4,164 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 2,396 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Callon Petroleum during the 1st quarter valued at $38,000. Cipher Capital LP purchased a new stake in shares of Callon Petroleum during the 4th quarter valued at $72,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Callon Petroleum during the 4th quarter valued at $73,000.

About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.

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Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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