Callon Petroleum (NYSE:CPE) Getting Somewhat Positive Press Coverage, Analysis Finds
News coverage about Callon Petroleum (NYSE:CPE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Callon Petroleum earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 47.8854470752417 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Callon Petroleum Company (CPE) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- From A Very Different Angle: Callon Petroleum Company (CPE), Cognizant Technology Solutions Corporation (CTSH) – AllStockNews (allstocknews.com)
- Callon Petroleum Co (CPE) Chart Watch: Following the Indicators – Bulletin News (orobulletin.com)
- Analyst’s Buy rated Stock: Callon Petroleum Company (CPE) – Street Observer (press release) (streetobserver.com)
- Callon Petroleum Company (CPE) Position Up in Latest Report from Systematic Financial Management Lp – Modern Readers (modernreaders.com)
Several analysts recently weighed in on CPE shares. Scotiabank reiterated a “buy” rating and issued a $18.00 price target on shares of Callon Petroleum in a report on Monday, May 15th. BMO Capital Markets set a $16.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, May 2nd. Roth Capital set a $23.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Wednesday, May 3rd. Royal Bank Of Canada set a $20.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, April 25th. Finally, Tudor Pickering started coverage on shares of Callon Petroleum in a report on Tuesday, June 20th. They issued a “buy” rating and a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.79.
Shares of Callon Petroleum (CPE) traded down 0.57% during trading on Friday, reaching $10.42. The company’s stock had a trading volume of 2,426,336 shares. The stock has a market capitalization of $2.10 billion, a PE ratio of 19.85 and a beta of 1.44. Callon Petroleum has a 12-month low of $9.63 and a 12-month high of $18.53. The firm’s 50-day moving average is $10.74 and its 200-day moving average is $12.08.
Callon Petroleum (NYSE:CPE) last released its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.02. Callon Petroleum had a return on equity of 7.04% and a net margin of 40.58%. The firm had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. During the same period last year, the firm earned ($0.61) EPS. The company’s revenue for the quarter was up 82.5% compared to the same quarter last year. Equities analysts expect that Callon Petroleum will post $0.53 earnings per share for the current year.
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About Callon Petroleum
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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