Stephens set a $11.00 price target on Callon Petroleum (NYSE:CPE) in a research note issued to investors on Wednesday, 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. SunTrust Banks set a $12.00 target price on Callon Petroleum and gave the company a buy rating in a report on Tuesday, April 23rd. Citigroup raised Callon Petroleum from a neutral rating to a buy rating and set a $11.00 target price on the stock in a report on Wednesday, January 23rd. Zacks Investment Research raised Callon Petroleum from a strong sell rating to a hold rating in a research note on Wednesday, January 30th. Williams Capital reaffirmed a buy rating and issued a $12.00 price objective on shares of Callon Petroleum in a research note on Monday, February 11th. Finally, Morgan Stanley assumed coverage on Callon Petroleum in a research note on Thursday, March 21st. They issued an equal weight rating and a $9.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $13.63.

CPE stock opened at $6.81 on Wednesday. Callon Petroleum has a fifty-two week low of $5.57 and a fifty-two week high of $13.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.77 and a beta of 1.50.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, February 26th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Callon Petroleum had a net margin of 36.70% and a return on equity of 7.55%. The firm had revenue of $161.90 million during the quarter, compared to the consensus estimate of $164.50 million. On average, equities analysts predict that Callon Petroleum will post 0.92 earnings per share for the current year.

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

Callon Petroleum Company Profile

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.

Featured Article: Why do companies engage in swaps?

Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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.