Somewhat Positive News Coverage Somewhat Unlikely to Affect Callon Petroleum (CPE) Stock Price
News stories about Callon Petroleum (NYSE:CPE) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Callon Petroleum earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the oil and natural gas company an impact score of 47.4976190337176 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several research firms recently commented on CPE. Northland Securities set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, December 11th. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Bank of America started coverage on Callon Petroleum in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Scotiabank set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Saturday, November 25th. Finally, Jefferies Group started coverage on Callon Petroleum in a research report on Monday, October 9th. They issued a “buy” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.65.
Callon Petroleum (NYSE:CPE) opened at $12.61 on Thursday. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $15.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $2,550.00, a PE ratio of 29.33 and a beta of 1.32.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 51.3% on a year-over-year basis. sell-side analysts predict that Callon Petroleum will post 0.4 earnings per share for the current year.
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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