Headlines about Callon Petroleum (NYSE:CPE) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Callon Petroleum earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the oil and natural gas company an impact score of 46.6386179280367 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern’s analysis:

Callon Petroleum (NYSE CPE) opened at $11.02 on Wednesday. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $16.32. The firm has a market capitalization of $2,117.26, a price-to-earnings ratio of 29.14 and a beta of 1.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. During the same period in the prior year, the company earned $0.09 EPS. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. sell-side analysts expect that Callon Petroleum will post 0.39 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Northland Securities set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a research note on Monday, December 11th. Jefferies Group assumed coverage on Callon Petroleum in a research note on Monday, October 9th. They issued a “buy” rating and a $16.00 target price on the stock. Credit Suisse Group assumed coverage on Callon Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $12.00 target price on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 target price on shares of Callon Petroleum in a research note on Wednesday, September 6th. Finally, Royal Bank of Canada set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.77.

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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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