Wall Street brokerages expect that Callon Petroleum (NYSE:CPE) will report earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Callon Petroleum’s earnings, with estimates ranging from ($0.01) to $0.22. Callon Petroleum reported earnings per share of $0.08 in the same quarter last year, which would suggest a positive year over year growth rate of 87.5%. The company is expected to report its next earnings report after the market closes on Tuesday, February 27th.
On average, analysts expect that Callon Petroleum will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.27 to $0.50. For the next year, analysts anticipate that the company will post earnings of $0.88 per share, with EPS estimates ranging from $0.62 to $1.25. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Callon Petroleum.
CPE has been the topic of a number of research reports. Credit Suisse Group initiated coverage on Callon Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $12.00 price objective on the stock. Northland Securities set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Monday, December 11th. Scotiabank set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Piper Jaffray Companies started coverage on Callon Petroleum in a report on Thursday, January 4th. They set an “overweight” rating and a $15.00 target price for the company. Finally, Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a report on Wednesday, January 3rd. One equities research 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’s stock. The company presently has an average rating of “Buy” and an average price target of $16.39.
Shares of Callon Petroleum (NYSE:CPE) traded down $0.15 during trading on Friday, reaching $10.74. The company had a trading volume of 1,671,498 shares, compared to its average volume of 4,726,270. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $14.64. The company has a market cap of $2,198.00, a PE ratio of 24.43 and a beta of 1.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Callon Petroleum by 47.9% in the third quarter. Dimensional Fund Advisors LP now owns 10,625,848 shares of the oil and natural gas company’s stock valued at $119,434,000 after purchasing an additional 3,440,342 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Callon Petroleum by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,044,597 shares of the oil and natural gas company’s stock valued at $109,891,000 after acquiring an additional 152,860 shares in the last quarter. State Street Corp raised its holdings in shares of Callon Petroleum by 11.4% during the second quarter. State Street Corp now owns 7,845,502 shares of the oil and natural gas company’s stock valued at $83,244,000 after acquiring an additional 802,785 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Callon Petroleum by 13.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 5,242,800 shares of the oil and natural gas company’s stock valued at $63,699,000 after acquiring an additional 611,375 shares in the last quarter. Finally, Caymus Capital Partners L.P. raised its holdings in shares of Callon Petroleum by 5.4% during the third quarter. Caymus Capital Partners L.P. now owns 5,124,900 shares of the oil and natural gas company’s stock valued at $57,604,000 after acquiring an additional 261,400 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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