Callon Petroleum Company (NYSE:CPE) – Research analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for shares of Callon Petroleum Company in a report released on Tuesday. KeyCorp analyst C. Stevens forecasts that the brokerage will post earnings per share of $0.11 for the quarter. KeyCorp currently has a “Overweight” rating and a $20.00 target price on the stock. KeyCorp also issued estimates for Callon Petroleum Company’s Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.19 EPS, Q4 2017 earnings at $0.23 EPS and FY2017 earnings at $0.69 EPS.

Other research analysts have also issued research reports about the stock. KLR Group set a $24.00 price target on shares of Callon Petroleum Company and gave the stock a “buy” rating in a research note on Sunday, December 18th. FBR & Co set a $20.00 price target on shares of Callon Petroleum Company and gave the stock a “buy” rating in a research note on Wednesday, December 14th. Evercore ISI started coverage on shares of Callon Petroleum Company in a research note on Wednesday, September 28th. They set a “buy” rating and a $20.00 price target on the stock. Zacks Investment Research upgraded shares of Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, October 4th. Finally, Deutsche Bank AG started coverage on shares of Callon Petroleum Company in a research note on Monday, November 28th. They set a “buy” rating and a $15.84 price target on the stock. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.29.

Earnings History and Estimates for Callon Petroleum Company (NYSE:CPE)

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Shares of Callon Petroleum Company (NYSE:CPE) opened at 15.21 on Friday. The firm’s market cap is $2.45 billion. Callon Petroleum Company has a 52 week low of $4.21 and a 52 week high of $18.53. The stock has a 50 day moving average of $16.08 and a 200-day moving average of $14.27.

Callon Petroleum Company (NYSE:CPE) last issued its earnings results on Wednesday, November 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $55.90 million for the quarter, compared to analyst estimates of $45.48 million. Callon Petroleum Company had a negative net margin of 122.93% and a positive return on equity of 4.44%. The company’s revenue for the quarter was up 63.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 EPS. ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international trademark and copyright laws. The legal version of this piece can be accessed at http://www.watchlistnews.com/keycorp-comments-on-callon-petroleum-companys-q1-2017-earnings-cpe/1061424.html.

A number of institutional investors have recently made changes to their positions in CPE. BlackRock Inc. increased its position in shares of Callon Petroleum Company by 18.4% in the second quarter. BlackRock Inc. now owns 12,269 shares of the company’s stock valued at $138,000 after buying an additional 1,908 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Callon Petroleum Company by 16.2% in the third quarter. Prudential Financial Inc. now owns 14,505 shares of the company’s stock valued at $228,000 after buying an additional 2,020 shares in the last quarter. US Bancorp DE increased its position in shares of Callon Petroleum Company by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock valued at $107,000 after buying an additional 2,730 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Callon Petroleum Company by 13.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 37,502 shares of the company’s stock valued at $421,000 after buying an additional 4,400 shares in the last quarter. Finally, Aperio Group LLC increased its position in shares of Callon Petroleum Company by 31.1% in the third quarter. Aperio Group LLC now owns 19,970 shares of the company’s stock valued at $314,000 after buying an additional 4,732 shares in the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.

About Callon Petroleum Company

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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.

5 Day Chart for NYSE:CPE

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