Callon Petroleum Company (NYSE: CPE) was downgraded by investment analysts at Howard Weil from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday. They currently have a $8.00 target price on the stock, down from their previous target price of $10.00.
Shares of Callon Petroleum Company opened at 4.87 on Tuesday. Callon Petroleum Company has a one year low of $3.02 and a one year high of $7.95. The company has a market cap of $191.9 million and a P/E ratio of 1.80.
Callon Petroleum Company last issued its quarterly earnings data on Monday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.04. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, analysts predict that Callon Petroleum Company will post $0.05 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Stephens initiated coverage on shares of Callon Petroleum Company in a research note to investors on Tuesday, May 1st. They set an “overweight” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Callon Petroleum Company in a research note to investors on Wednesday, April 25th. Finally, analysts at Canaccord Genuity raised their price target on shares of Callon Petroleum Company from $7.50 to $10.00 in a research note to investors on Monday, March 19th. They now have a “buy” rating on the stock.
Callon Petroleum Company (Callon) is engaged in the exploration, development, acquisition and production of oil and gas properties.