Callon Petroleum Company (NYSE:CPE) – KeyCorp reduced their FY2017 earnings per share estimates for shares of Callon Petroleum in a report released on Tuesday. KeyCorp analyst C. Stevens now anticipates that the oil and natural gas company will earn $0.42 per share for the year, down from their previous estimate of $0.43.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. During the same quarter last year, the business earned ($0.61) earnings per share. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Callon Petroleum Company Reduced by KeyCorp (CPE)” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/fy2017-eps-estimates-for-callon-petroleum-company-reduced-by-keycorp-cpe/1533863.html.

A number of other equities analysts have also commented on the company. Scotiabank restated a “buy” rating and set a $18.00 price objective on shares of Callon Petroleum in a research note on Friday, May 5th. Citigroup Inc. lowered their price objective on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. ValuEngine upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Roth Capital set a $23.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. Callon Petroleum has an average rating of “Buy” and a consensus target price of $17.54.

Callon Petroleum (NYSE:CPE) opened at 10.10 on Thursday. The company’s 50-day moving average price is $10.64 and its 200 day moving average price is $11.73. Callon Petroleum has a 52 week low of $9.63 and a 52 week high of $18.53. The company has a market capitalization of $2.04 billion, a PE ratio of 19.24 and a beta of 1.44.

Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Callon Petroleum by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock valued at $110,000 after buying an additional 3,896 shares during the period. Strs Ohio increased its stake in Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after buying an additional 600 shares during the period. Green Square Capital LLC purchased a new stake in Callon Petroleum during the first quarter valued at $132,000. FFT Wealth Management LLC purchased a new stake in Callon Petroleum during the second quarter valued at $113,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Callon Petroleum during the first quarter valued at $143,000.

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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