Callon Petroleum (NYSE:CPE) – Stock analysts at KeyCorp lifted their FY2017 earnings per share estimates for Callon Petroleum in a research note issued to investors on Sunday, Zacks Investment Research reports. KeyCorp analyst C. Stevens now expects that the oil and natural gas company will earn $0.41 per share for the year, up from their prior forecast of $0.40. KeyCorp also issued estimates for Callon Petroleum’s Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.41 EPS and Q4 2019 earnings at $0.43 EPS.
Several other research firms have also recently issued reports on CPE. Citigroup cut Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research report on Wednesday, January 3rd. Scotiabank set a $16.00 price target on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. B. Riley assumed coverage on Callon Petroleum in a report on Monday, February 5th. They issued a “neutral” rating and a $11.75 price target on the stock. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, November 21st. Finally, BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Callon Petroleum currently has an average rating of “Buy” and a consensus target price of $16.39.
Callon Petroleum (CPE) traded up $0.50 during midday trading on Tuesday, reaching $10.90. The company’s stock had a trading volume of 3,922,266 shares, compared to its average volume of 4,932,692. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $15.02. The firm has a market cap of $2,200.00, a PE ratio of 25.35 and a beta of 1.15.
A number of hedge funds have recently bought and sold shares of CPE. Schwab Charles Investment Management Inc. lifted its stake in Callon Petroleum by 5.9% in the 2nd 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 buying an additional 49,245 shares in the last quarter. Legal & General Group Plc lifted its stake in Callon Petroleum by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 72,713 shares of the oil and natural gas company’s stock valued at $768,000 after buying an additional 4,541 shares in the last quarter. Prudential Financial Inc. lifted its stake in Callon Petroleum by 10.7% in the 2nd quarter. Prudential Financial Inc. now owns 19,365 shares of the oil and natural gas company’s stock valued at $205,000 after buying an additional 1,870 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Callon Petroleum by 24.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 30,405 shares of the oil and natural gas company’s stock worth $323,000 after purchasing an additional 5,913 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Callon Petroleum by 2.0% during the 2nd quarter. Swiss National Bank now owns 338,000 shares of the oil and natural gas company’s stock worth $3,586,000 after purchasing an additional 6,700 shares during the period.
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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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