Equities Analysts Set Expectations for Callon Petroleum’s Q1 2018 Earnings (CPE)

Callon Petroleum (NYSE:CPE) – Equities researchers at Imperial Capital decreased their Q1 2018 earnings per share estimates for Callon Petroleum in a note issued to investors on Tuesday. Imperial Capital analyst I. Haas now expects that the oil and natural gas company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.12. Imperial Capital has a “Outperform” rating and a $16.00 price objective on the stock. Imperial Capital also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.16 EPS.

A number of other equities analysts also recently commented on CPE. Northland Securities set a $18.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Monday, August 21st. Royal Bank Of Canada set a $16.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 price target on shares of Callon Petroleum in a report on Wednesday, September 6th. Jefferies Group initiated coverage on shares of Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Bank of America initiated coverage on shares of Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.43.

Callon Petroleum (NYSE CPE) opened at $10.70 on Wednesday. The company has a market cap of $2,171.76, a price-to-earnings ratio of 29.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $18.00.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The firm’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

A number of large investors have recently bought and sold shares of CPE. Dimensional Fund Advisors LP increased its holdings in Callon Petroleum by 180.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock valued at $76,238,000 after acquiring an additional 4,622,758 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Callon Petroleum by 372.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,604,306 shares of the oil and natural gas company’s stock valued at $40,514,000 after acquiring an additional 2,841,680 shares in the last quarter. Caymus Capital Partners L.P. increased its holdings in Callon Petroleum by 81.5% during the 2nd quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock valued at $51,602,000 after acquiring an additional 2,184,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Callon Petroleum by 56.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,878,010 shares of the oil and natural gas company’s stock valued at $54,829,000 after acquiring an additional 1,762,472 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Callon Petroleum by 61.0% during the 3rd 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 acquiring an additional 1,755,125 shares in the last quarter.

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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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