Media headlines about Callon Petroleum (NYSE:CPE) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Callon Petroleum earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media coverage about the oil and natural gas company an impact score of 46.6386179280367 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
CPE has been the subject of several recent analyst reports. Northland Securities set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Monday, December 11th. Scotiabank set a $16.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, November 25th. Mizuho upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, November 21st. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, Bank of America started coverage on shares of Callon Petroleum in a research report on Monday, October 16th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $16.65.
Shares of Callon Petroleum (NYSE:CPE) traded up $0.21 on Thursday, hitting $12.82. 5,592,629 shares of the stock were exchanged, compared to its average volume of 4,812,116. The company has a market cap of $2,590.00, a price-to-earnings ratio of 29.81 and a beta of 1.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $15.81.
Callon Petroleum (NYSE:CPE) last announced 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). The business had revenue of $84.60 million during the quarter, compared to the consensus estimate of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The company’s revenue was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. equities research analysts forecast that Callon Petroleum will post 0.4 EPS for the current year.
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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.
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