Callon Petroleum Company (NYSE:CPE) – Equities researchers at Imperial Capital dropped their Q4 2017 earnings per share estimates for shares of Callon Petroleum in a research report issued to clients and investors on Wednesday. Imperial Capital analyst I. Haas now anticipates that the oil and natural gas company will post earnings per share of $0.10 for the quarter, down from their previous estimate of $0.11. Imperial Capital currently has a “Outperform” rating and a $16.00 target price on the stock. Imperial Capital also issued estimates for Callon Petroleum’s FY2018 earnings at $0.65 EPS.

A number of other equities analysts also recently issued reports on CPE. Northland Securities reissued a “buy” rating and issued a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC began coverage on shares of Callon Petroleum in a research note on Monday, October 9th. They issued a “buy” rating and a $16.00 price target for the company. BidaskClub downgraded shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.50.

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Callon Petroleum (NYSE:CPE) opened at $11.72 on Thursday. Callon Petroleum has a one year low of $9.34 and a one year high of $18.53. The stock has a market cap of $2,391.76, a PE ratio of 32.92 and a beta of 1.38. The company has a quick ratio of 1.41, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

Callon Petroleum (NYSE:CPE) last released 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 Zacks’ 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 company had revenue of $84.60 million during the quarter, compared to the consensus estimate of $81.98 million. During the same period in the previous year, the company earned $0.09 earnings per share. Callon Petroleum’s quarterly revenue was up 51.3% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of the stock. Schroder Investment Management Group lifted its position in Callon Petroleum by 95.8% during the third quarter. Schroder Investment Management Group now owns 1,102,850 shares of the oil and natural gas company’s stock valued at $12,275,000 after purchasing an additional 539,663 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Callon Petroleum by 54.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,579 shares of the oil and natural gas company’s stock valued at $1,119,000 after purchasing an additional 34,907 shares during the period. Trexquant Investment LP bought a new position in Callon Petroleum during the third quarter valued at approximately $559,000. Legal & General Group Plc lifted its position in Callon Petroleum by 139.0% during the third quarter. Legal & General Group Plc now owns 173,793 shares of the oil and natural gas company’s stock valued at $1,948,000 after purchasing an additional 101,080 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Callon Petroleum by 454.5% during the third quarter. Great West Life Assurance Co. Can now owns 115,333 shares of the oil and natural gas company’s stock valued at $1,282,000 after purchasing an additional 94,533 shares during the period.

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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