Callon Petroleum Company (NYSE:CPE) – Stock analysts at US Capital Advisors reduced their Q2 2017 EPS estimates for Callon Petroleum in a research report issued on Tuesday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and natural gas company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.11. US Capital Advisors also issued estimates for Callon Petroleum’s Q3 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.71 EPS.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Tuesday, May 2nd. The oil and natural gas company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $81.36 million during the quarter, compared to analysts’ expectations of $80.22 million. Callon Petroleum had a negative net margin of 1.42% and a positive return on equity of 4.23%. ILLEGAL ACTIVITY WARNING: “Brokers Issue Forecasts for Callon Petroleum Company’s Q2 2017 Earnings (CPE)” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/26/brokers-issue-forecasts-for-callon-petroleum-companys-q2-2017-earnings-cpe.html.

CPE has been the subject of several other reports. Credit Suisse Group reissued an “outperform” rating and set a $18.00 price target on shares of Callon Petroleum in a report on Friday, June 2nd. Echelon Wealth Partners raised shares of Callon Petroleum to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, April 13th. Roth Capital set a $23.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Friday, May 26th. Citigroup Inc. dropped their target price on shares of Callon Petroleum from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, July 13th. Finally, Scotiabank set a $18.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.73.

Callon Petroleum (NYSE CPE) opened at 11.35 on Wednesday. Callon Petroleum has a 12-month low of $9.63 and a 12-month high of $18.53. The stock has a 50 day moving average of $10.66 and a 200 day moving average of $12.47. The company’s market capitalization is $2.28 billion.

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Capital Financial Advisers LLC boosted its position in shares of Callon Petroleum by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 75,065 shares of the oil and natural gas company’s stock worth $988,000 after buying an additional 380 shares in the last quarter. E&G Advisors LP boosted its position in shares of Callon Petroleum by 1.0% in the first quarter. E&G Advisors LP now owns 52,000 shares of the oil and natural gas company’s stock worth $684,000 after buying an additional 500 shares in the last quarter. Strs Ohio boosted its position in shares of Callon Petroleum 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 in the last quarter. Quotient Investors LLC boosted its position in shares of Callon Petroleum by 5.6% in the first quarter. Quotient Investors LLC now owns 13,100 shares of the oil and natural gas company’s stock worth $172,000 after buying an additional 700 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Callon Petroleum by 1.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 43,212 shares of the oil and natural gas company’s stock worth $664,000 after buying an additional 820 shares in the last quarter.

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.

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

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