News headlines about Callon Petroleum (NYSE:CPE) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Callon Petroleum earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the oil and natural gas company an impact score of 47.7277527297837 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
Several brokerages have weighed in on CPE. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday. Jefferies Group set a $18.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $16.00 target price on shares of Callon Petroleum in a research report on Thursday, March 15th. B. Riley set a $12.00 target price on Callon Petroleum and gave the stock a “hold” rating in a research report on Friday, March 9th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $21.00 target price (up from $17.00) on shares of Callon Petroleum in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and an average price target of $16.43.
Shares of Callon Petroleum (NYSE CPE) opened at $12.17 on Friday. The stock has a market capitalization of $2,409.14, a PE ratio of 21.73 and a beta of 1.19. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $13.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70.
Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. research analysts expect that Callon Petroleum will post 0.87 earnings per share 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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