Callon Petroleum (NYSE:CPE) – KeyCorp increased their FY2017 earnings per share estimates for Callon Petroleum in a report released on Tuesday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will post earnings of $0.40 per share for the year, up from their prior forecast of $0.38. KeyCorp also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.14 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.35 EPS and FY2019 earnings at $1.29 EPS.

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 (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. During the same period last year, the company earned $0.09 EPS. The company’s revenue was up 51.3% compared to the same quarter last year.

CPE has been the topic of several other research reports. Northland Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Royal Bank of Canada set a $16.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 14th. Mizuho raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, November 21st. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.09.

Callon Petroleum (CPE) opened at $10.49 on Thursday. 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 one year low of $9.34 and a one year high of $16.32. The stock has a market capitalization of $2,133.41, a price-to-earnings ratio of 29.36 and a beta of 1.33.

Institutional investors have recently made changes to their positions in the business. Zions Bancorporation bought a new stake in shares of Callon Petroleum in the third quarter worth about $105,000. Fondren Management LP bought a new stake in shares of Callon Petroleum in the second quarter worth about $106,000. BB&T Securities LLC bought a new position in shares of Callon Petroleum during the third quarter worth about $112,000. FFT Wealth Management LLC bought a new position in shares of Callon Petroleum during the second quarter worth about $113,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Callon Petroleum during the second quarter worth about $133,000.

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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.

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

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