Callon Petroleum (NYSE:CPE) – Seaport Global Securities increased their Q1 2018 earnings per share estimates for Callon Petroleum in a research note issued to investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now anticipates that the oil and natural gas company will post earnings per share of $0.15 for the quarter, up from their prior forecast of $0.09. Seaport Global Securities also issued estimates for Callon Petroleum’s Q4 2018 earnings at $0.19 EPS.
A number of other analysts have also issued reports on the company. Credit Suisse Group initiated coverage on Callon Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $12.00 price target on the stock. Northland Securities set a $16.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research note on Monday, December 11th. Bank of America initiated coverage on Callon Petroleum in a research note on Monday, October 16th. They issued a “buy” rating on the stock. Scotiabank set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Finally, BMO Capital Markets set a $15.00 price objective on 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, six have issued a hold rating and twenty have issued a buy rating to the company. Callon Petroleum has an average rating of “Buy” and a consensus price target of $16.65.
Shares of Callon Petroleum (NYSE:CPE) traded up $0.21 during trading hours on Wednesday, hitting $12.82. The stock had a trading volume of 5,590,000 shares, compared to its average volume of 4,330,000. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $2,590.00, a price-to-earnings ratio of 29.81 and a beta of 1.32. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $15.81.
Callon Petroleum (NYSE:CPE) last issued 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). The firm had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business’s revenue was up 51.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share.
Large investors have recently bought and sold shares of the business. Zions Bancorporation purchased a new stake in Callon Petroleum in the third quarter valued at $105,000. Fondren Management LP purchased a new stake in Callon Petroleum in the second quarter valued at $106,000. BB&T Securities LLC purchased a new stake in Callon Petroleum in the third quarter valued at $112,000. FFT Wealth Management LLC purchased a new stake in Callon Petroleum in the second quarter valued at $113,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in Callon Petroleum in the second quarter valued at $133,000.
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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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