Callon Petroleum Company (NYSE:CPE) – Equities researchers at Capital One Financial Corporation reduced their FY2017 earnings per share (EPS) estimates for shares of Callon Petroleum in a note issued to investors on Tuesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the oil and natural gas company will post earnings of $0.24 per share for the year, down from their previous estimate of $0.37. Capital One Financial Corporation also issued estimates for Callon Petroleum’s Q4 2017 earnings at ($0.04) EPS.

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

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Callon Petroleum (CPE) opened at $11.72 on Friday. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $18.53. The company has a quick ratio of 1.41, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,391.76, a P/E ratio of 32.92 and a beta of 1.38.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $81.98 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its position in Callon Petroleum by 61.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock valued at $52,057,000 after purchasing an additional 1,755,125 shares in the last quarter. BlackRock Inc. boosted its position in Callon Petroleum by 96,684.2% during the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after purchasing an additional 12,089,389 shares in the last quarter. Victory Capital Management Inc. boosted its position in Callon Petroleum by 24.0% during the second quarter. Victory Capital Management Inc. now owns 2,203,067 shares of the oil and natural gas company’s stock valued at $23,375,000 after purchasing an additional 425,767 shares in the last quarter. Rhumbline Advisers boosted its position in Callon Petroleum by 16.0% during the second quarter. Rhumbline Advisers now owns 250,714 shares of the oil and natural gas company’s stock valued at $2,660,000 after purchasing an additional 34,532 shares in the last quarter. Finally, Cipher Capital LP boosted its position in Callon Petroleum by 45.7% during the second quarter. Cipher Capital LP now owns 591,418 shares of the oil and natural gas company’s stock valued at $6,275,000 after purchasing an additional 185,523 shares in the last quarter.

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.

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

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