Williams Capital set a $16.00 target price on Callon Petroleum (NYSE:CPE) in a research report report published on Wednesday morning. The brokerage currently has a buy rating on the oil and natural gas company’s stock.

Other equities analysts have also recently issued research reports about the stock. KLR Group reissued a buy rating and set a $16.00 target price on shares of Callon Petroleum in a research report on Monday, August 20th. Stephens set a $20.00 target price on shares of Callon Petroleum and gave the stock a buy rating in a research report on Wednesday, July 25th. Piper Jaffray Companies reissued a buy rating and set a $20.00 target price on shares of Callon Petroleum in a research report on Sunday, August 12th. ValuEngine cut shares of Callon Petroleum from a hold rating to a sell rating in a research report on Friday, September 7th. Finally, Barclays began coverage on shares of Callon Petroleum in a research report on Wednesday, August 29th. They set an overweight rating and a $14.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $16.14.

Shares of Callon Petroleum stock traded down $0.41 during mid-day trading on Wednesday, hitting $10.67. 610,457 shares of the stock were exchanged, compared to its average volume of 4,883,065. Callon Petroleum has a 12 month low of $9.23 and a 12 month high of $14.65. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.36 billion, a P/E ratio of 25.70 and a beta of 1.06.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, November 6th. The oil and natural gas company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Callon Petroleum had a net margin of 30.70% and a return on equity of 8.60%. The firm had revenue of $161.21 million for the quarter, compared to analysts’ expectations of $145.66 million. During the same quarter last year, the firm earned $0.09 EPS. The company’s quarterly revenue was up 90.5% compared to the same quarter last year. On average, equities analysts anticipate that Callon Petroleum will post 0.86 EPS for the current year.

In other news, VP Mitzi P. Conn sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $11.76, for a total transaction of $176,400.00. Following the completion of the sale, the vice president now owns 42,062 shares in the company, valued at approximately $494,649.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.82% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in Callon Petroleum in the 2nd quarter valued at approximately $13,964,000. Dynamic Technology Lab Private Ltd purchased a new position in Callon Petroleum in the 2nd quarter valued at approximately $1,608,000. US Bancorp DE grew its stake in Callon Petroleum by 28.9% in the 2nd quarter. US Bancorp DE now owns 171,548 shares of the oil and natural gas company’s stock valued at $1,842,000 after buying an additional 38,507 shares in the last quarter. Sei Investments Co. grew its stake in Callon Petroleum by 40.0% in the 2nd quarter. Sei Investments Co. now owns 66,486 shares of the oil and natural gas company’s stock valued at $714,000 after buying an additional 18,993 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Callon Petroleum by 102.5% in the 2nd quarter. Millennium Management LLC now owns 1,848,191 shares of the oil and natural gas company’s stock valued at $19,850,000 after buying an additional 935,307 shares in the last quarter.

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. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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Analyst Recommendations for Callon Petroleum (NYSE:CPE)

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