Callon Petroleum (NYSE:CPE) Given New $10.00 Price Target at Williams Capital

Callon Petroleum (NYSE:CPE) had its target price lowered by Williams Capital from $12.00 to $10.00 in a report published on Tuesday, Briefing.com Automated Import reports. Williams Capital currently has a buy rating on the oil and natural gas company’s stock.

Other research analysts also recently issued research reports about the stock. SunTrust Banks set a $75.00 price target on shares of Cimarex Energy and gave the company a hold rating in a report on Tuesday, April 23rd. Capital One Financial raised shares of Cimarex Energy from an equal weight rating to an overweight rating in a research note on Thursday, May 23rd. Northland Securities set a $11.00 price objective on shares of Callon Petroleum and gave the stock a buy rating in a research note on Thursday, June 13th. Stephens set a $37.00 price objective on shares of Talos Energy and gave the stock a buy rating in a research note on Wednesday, May 22nd. Finally, Roth Capital set a $12.00 price objective on shares of Callon Petroleum and gave the stock a buy rating in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have given a buy rating to the company. Callon Petroleum currently has a consensus rating of Buy and an average price target of $12.33.

Shares of NYSE:CPE opened at $4.87 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.55. Callon Petroleum has a 12 month low of $4.73 and a 12 month high of $13.09. The firm has a 50-day simple moving average of $6.23. The company has a market cap of $1.11 billion, a P/E ratio of 5.94, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49.



Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, May 6th. The oil and natural gas company reported $0.16 EPS for the quarter, beating 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 firm had revenue of $153.05 million during the quarter, compared to the consensus estimate of $144.68 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities research analysts predict that Callon Petroleum will post 0.81 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Systematic Financial Management LP increased its position in shares of Callon Petroleum by 1.2% during the first quarter. Systematic Financial Management LP now owns 1,369,930 shares of the oil and natural gas company’s stock worth $10,343,000 after acquiring an additional 16,811 shares during the period. Balasa Dinverno & Foltz LLC increased its position in shares of Callon Petroleum by 69.8% during the first quarter. Balasa Dinverno & Foltz LLC now owns 22,934 shares of the oil and natural gas company’s stock worth $173,000 after acquiring an additional 9,424 shares during the period. Hancock Whitney Corp purchased a new position in Callon Petroleum during the fourth quarter valued at approximately $3,409,000. Columbus Circle Investors increased its holdings in Callon Petroleum by 3.8% during the first quarter. Columbus Circle Investors now owns 1,539,795 shares of the oil and natural gas company’s stock valued at $11,625,000 after buying an additional 55,793 shares during the period. Finally, Tributary Capital Management LLC increased its holdings in Callon Petroleum by 15.6% during the first quarter. Tributary Capital Management LLC now owns 2,098,046 shares of the oil and natural gas company’s stock valued at $15,840,000 after buying an additional 282,381 shares during the period.

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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