Zacks Investment Research upgraded shares of Callon Petroleum (NYSE:CPE) from a sell rating to a hold rating in a report released on Monday.

According to Zacks, “Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. “

Other research analysts have also recently issued reports about the company. Northland Securities set a $16.00 price objective on Callon Petroleum and gave the company a buy rating in a report on Monday, December 11th. Scotiabank set a $16.00 price objective on Callon Petroleum and gave the company a buy rating in a report on Saturday, November 25th. Mizuho upgraded Callon Petroleum from a neutral rating to a buy rating and set a $14.00 price objective on the stock in a report on Tuesday, November 21st. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the company a buy rating in a report on Tuesday, November 14th. Finally, Bank of America initiated coverage on Callon Petroleum in a report on Monday, October 16th. They issued a buy rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company. Callon Petroleum has an average rating of Buy and an average price target of $16.39.

Callon Petroleum (NYSE CPE) opened at $10.90 on Monday. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $15.02. The company has a market capitalization of $2,099.10, a P/E ratio of 28.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

A number of large investors have recently added to or reduced their stakes in CPE. Prudential Financial Inc. raised its stake in shares of Callon Petroleum by 10.7% in the second quarter. Prudential Financial Inc. now owns 19,365 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 1,870 shares in the last quarter. BlackRock Inc. raised its stake in shares of Callon Petroleum by 7.0% in the second quarter. BlackRock Inc. now owns 12,953,769 shares of the oil and natural gas company’s stock valued at $137,439,000 after acquiring an additional 851,876 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Callon Petroleum by 8.9% in the second quarter. PNC Financial Services Group Inc. now owns 18,990 shares of the oil and natural gas company’s stock valued at $202,000 after acquiring an additional 1,555 shares in the last quarter. M&T Bank Corp raised its stake in shares of Callon Petroleum by 16.6% in the second quarter. M&T Bank Corp now owns 15,100 shares of the oil and natural gas company’s stock valued at $160,000 after acquiring an additional 2,154 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Callon Petroleum by 16.5% in the second quarter. Advisor Group Inc. now owns 18,887 shares of the oil and natural gas company’s stock valued at $200,000 after acquiring an additional 2,669 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.

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