Callon Petroleum (NYSE:CPE) announced its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), reports. The firm had revenue of $118.21 million during the quarter, compared to analyst estimates of $109.95 million. Callon Petroleum had a net margin of 32.86% and a return on equity of 5.02%.
Shares of Callon Petroleum (CPE) traded down $0.10 during trading on Tuesday, reaching $11.77. The company had a trading volume of 5,205,862 shares, compared to its average volume of 4,670,000. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $13.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $2,380.00, a P/E ratio of 21.02 and a beta of 1.19.
A number of research analysts have recently weighed in on CPE shares. Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a report on Wednesday, January 3rd. 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. 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 on the stock. Mizuho raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, November 21st. Finally, Credit Suisse Group started coverage on Callon Petroleum in a report on Monday, December 11th. They set a “neutral” rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.34.
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.
Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.