Callon Petroleum Company (NYSE:CPE) – Equities researchers at KeyCorp boosted their Q1 2018 earnings estimates for shares of Callon Petroleum in a report issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will earn $0.15 per share for the quarter, up from their prior forecast of $0.14. KeyCorp also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.78 EPS.
A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Northland Securities set a $18.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Monday, August 21st. Imperial Capital began coverage on shares of Callon Petroleum in a report on Tuesday, August 15th. They issued an “outperform” rating and a $16.00 price target on the stock. BidaskClub cut shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised shares of Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the company. Callon Petroleum presently has an average rating of “Buy” and an average price target of $17.54.
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Shares of Callon Petroleum (NYSE CPE) opened at 10.37 on Friday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 19.75 and a beta of 1.44. The stock has a 50 day moving average of $10.57 and a 200-day moving average of $11.59. Callon Petroleum has a one year low of $9.63 and a one year high of $18.53.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.02. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The firm had revenue of $82.30 million during the quarter, compared to analyst estimates of $83.89 million. During the same quarter in the previous year, the business posted ($0.61) earnings per share. Callon Petroleum’s revenue for the quarter was up 82.5% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Callon Petroleum by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after buying an additional 12,089,389 shares during the period. Wellington Management Group LLP raised its stake in Callon Petroleum by 29.0% in the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock worth $277,902,000 after buying an additional 4,749,928 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Callon Petroleum by 180.4% in the second quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock worth $76,238,000 after buying an additional 4,622,758 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Callon Petroleum by 56.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock worth $96,510,000 after buying an additional 2,642,192 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its stake in Callon Petroleum by 81.5% in the second quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock worth $51,602,000 after buying an additional 2,184,500 shares in the last quarter.
About Callon Petroleum
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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