KeyCorp Comments on Callon Petroleum Company’s Q2 2017 Earnings (NYSE:CPE)
Callon Petroleum Company (NYSE:CPE) – Analysts at KeyCorp reduced their Q2 2017 earnings estimates for shares of Callon Petroleum in a research note issued to investors on Thursday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will earn $0.09 per share for the quarter, down from their prior estimate of $0.11. KeyCorp also issued estimates for Callon Petroleum’s Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.43 EPS, Q2 2018 earnings at $0.17 EPS and Q4 2018 earnings at $0.24 EPS.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $81.36 million during the quarter, compared to analyst estimates of $80.22 million. Callon Petroleum had a negative net margin of 1.42% and a positive return on equity of 4.23%.
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Other equities analysts have also issued reports about the stock. Roth Capital set a $23.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, April 1st. UBS AG started coverage on shares of Callon Petroleum in a research report on Thursday, March 23rd. They set a “buy” rating and a $16.00 price target for the company. Eurobank EFG raised shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, April 13th. BMO Capital Markets set a $16.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada set a $20.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.77.
Shares of Callon Petroleum (NYSE CPE) opened at 10.73 on Monday. Callon Petroleum has a 12 month low of $9.63 and a 12 month high of $18.53. The company’s market capitalization is $2.16 billion. The company’s 50-day moving average is $11.27 and its 200 day moving average is $13.10.
A number of large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $110,000 after buying an additional 3,896 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Callon Petroleum by 296.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company’s stock worth $114,000 after buying an additional 5,506 shares in the last quarter. Strs Ohio boosted 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 worth $128,000 after buying an additional 600 shares in the last quarter. Green Square Capital LLC bought a new stake in Callon Petroleum during the first quarter worth about $132,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Callon Petroleum during the first quarter worth about $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.
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