Callon Petroleum Company (NYSE:CPE) – Equities research analysts at SunTrust Banks raised their FY2017 earnings estimates for Callon Petroleum Company in a research report issued on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and natural gas company will post earnings of $0.54 per share for the year, up from their prior estimate of $0.52. SunTrust Banks also issued estimates for Callon Petroleum Company’s Q4 2017 earnings at $0.18 EPS, FY2018 earnings at $1.02 EPS and FY2020 earnings at $2.22 EPS.

Several other analysts have also recently commented on the stock. Evercore ISI cut shares of Callon Petroleum Company from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $17.00 to $16.00 in a research note on Wednesday, April 19th. Scotiabank reiterated a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum Company in a research note on Friday, May 5th. Eurobank EFG upgraded shares of Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, April 13th. Echelon Wealth Partners upgraded shares of Callon Petroleum Company to a “buy” rating and set a $17.00 price objective for the company in a research note on Thursday, April 13th. Finally, Roth Capital set a $23.00 price objective on shares of Callon Petroleum Company and gave the company a “buy” rating in a research note on Wednesday, May 3rd. One 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 Company has a consensus rating of “Buy” and a consensus price target of $17.79.

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Shares of Callon Petroleum Company (NYSE CPE) opened at 10.40 on Monday. The stock’s 50 day moving average is $11.27 and its 200-day moving average is $13.10. Callon Petroleum Company has a 1-year low of $9.63 and a 1-year high of $18.53. The stock’s market cap is $2.09 billion.

Callon Petroleum Company (NYSE:CPE) last released its earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $81.36 million during the quarter, compared to analysts’ expectations of $80.22 million. Callon Petroleum Company had a negative net margin of 1.42% and a positive return on equity of 4.23%.

Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Callon Petroleum Company by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after buying an additional 3,896 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Callon Petroleum Company by 296.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company’s stock worth $114,000 after buying an additional 5,506 shares during the period. Strs Ohio increased its stake in shares of Callon Petroleum Company by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after buying an additional 600 shares during the period. Green Square Capital LLC purchased a new stake in shares of Callon Petroleum Company during the first quarter worth approximately $132,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Callon Petroleum Company during the first quarter worth approximately $143,000.

About Callon Petroleum Company

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.

Earnings History and Estimates for Callon Petroleum Company (NYSE:CPE)

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