Callon Petroleum (NYSE:CPE) – Analysts at Jefferies Group dropped their Q1 2019 earnings per share (EPS) estimates for Callon Petroleum in a report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst M. Lear now expects that the oil and natural gas company will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.34. Jefferies Group has a “Buy” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Callon Petroleum’s FY2019 earnings at $1.19 EPS.
Other equities analysts also recently issued research reports about the company. Northland Securities set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Monday, December 11th. Scotiabank set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a report on Tuesday, November 21st. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Bank of America began coverage on 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, six have assigned a hold rating and twenty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $16.65.
Callon Petroleum (CPE) opened at $12.91 on Friday. 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 company has a market capitalization of $2,605.70, a P/E ratio of 35.86 and a beta of 1.32. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $15.81.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. Callon Petroleum’s revenue was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 EPS.
Several large investors have recently modified their holdings of CPE. Aperio Group LLC increased its holdings in shares of Callon Petroleum by 90.4% during the second quarter. Aperio Group LLC now owns 55,141 shares of the oil and natural gas company’s stock valued at $585,000 after acquiring an additional 26,180 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of Callon Petroleum during the second quarter valued at $356,000. Janney Montgomery Scott LLC bought a new position in shares of Callon Petroleum during the second quarter valued at $148,000. Sei Investments Co. increased its holdings in shares of Callon Petroleum by 67.8% during the second quarter. Sei Investments Co. now owns 52,907 shares of the oil and natural gas company’s stock valued at $561,000 after acquiring an additional 21,374 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Callon Petroleum by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 882,887 shares of the oil and natural gas company’s stock valued at $9,368,000 after acquiring an additional 49,245 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.
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