Callon Petroleum Company (NYSE:CPE) – Research analysts at US Capital Advisors dropped their FY2017 earnings per share estimates for shares of Callon Petroleum in a research note issued to investors on Tuesday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and natural gas company will post earnings of $0.44 per share for the year, down from their prior estimate of $0.50.

Several other brokerages have also recently weighed in on CPE. Scotiabank set a $18.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Monday, April 3rd. Roth Capital set a $23.00 target price on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, April 1st. Echelon Wealth Partners upgraded Callon Petroleum to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, April 13th. Eurobank EFG upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, April 13th. Finally, EuroPacific Canada upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, April 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $17.73.

TRADEMARK VIOLATION WARNING: This story was reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/07/27/callon-petroleum-company-nysecpe-to-post-fy2017-earnings-of-0-44-per-share-us-capital-advisors-forecasts.html.

Callon Petroleum (NYSE CPE) traded up 0.97% during midday trading on Thursday, reaching $11.43. The company had a trading volume of 322,569 shares. The firm’s market capitalization is $2.30 billion. The stock’s 50 day moving average is $10.64 and its 200 day moving average is $12.43. Callon Petroleum has a 12-month low of $9.63 and a 12-month high of $18.53.

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

A number of hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its stake 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 valued at $664,000 after buying an additional 820 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Callon Petroleum by 34.7% in the fourth quarter. Guggenheim Capital LLC now owns 38,171 shares of the oil and natural gas company’s stock valued at $587,000 after buying an additional 9,824 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Callon Petroleum 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 valued at $114,000 after buying an additional 5,506 shares in the last quarter. Norges Bank acquired a new stake in shares of Callon Petroleum during the fourth quarter valued at approximately $18,261,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Callon Petroleum during the fourth quarter valued at approximately $658,000.

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.

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

Receive News & Ratings for Callon Petroleum Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum Company and related companies with MarketBeat.com's FREE daily email newsletter.