Callon Petroleum Company (NYSE:CPE) – Investment analysts at Seaport Global Securities reduced their FY2017 earnings per share estimates for shares of Callon Petroleum in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and natural gas company will post earnings of $0.42 per share for the year, down from their prior estimate of $0.47.

CPE has been the subject of a number of other research reports. Jefferies Group LLC began coverage on shares of Callon Petroleum in a report on Monday, October 9th. They set a “buy” rating and a $16.00 price objective for the company. Northland Securities restated a “buy” rating and set a $18.00 price objective on shares of Callon Petroleum in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Callon Petroleum from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of Callon Petroleum in a report on Wednesday, September 6th. Finally, BidaskClub cut shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and an average target price of $17.50.

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Callon Petroleum (CPE) opened at $10.16 on Friday. The stock has a market cap of $2,050.00, a P/E ratio of 28.64 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $18.53.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS.

Several large investors have recently added to or reduced their stakes in the business. Green Square Capital LLC increased its holdings in shares of Callon Petroleum by 34.0% in the third quarter. Green Square Capital LLC now owns 20,095 shares of the oil and natural gas company’s stock valued at $226,000 after purchasing an additional 5,095 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Callon Petroleum by 0.9% in the third quarter. California Public Employees Retirement System now owns 633,800 shares of the oil and natural gas company’s stock valued at $7,124,000 after purchasing an additional 5,900 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Callon Petroleum by 780.2% in the third quarter. Cubist Systematic Strategies LLC now owns 35,631 shares of the oil and natural gas company’s stock valued at $400,000 after purchasing an additional 31,583 shares during the last quarter. Zions Bancorporation acquired a new position in shares of Callon Petroleum in the third quarter valued at $105,000. Finally, Magnetar Financial LLC acquired a new position in shares of Callon Petroleum in the third quarter valued at $268,000.

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.

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

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