Callon Petroleum Company (NYSE:CPE) – Equities researchers at Capital One Financial Corporation upped their FY2017 earnings estimates for shares of Callon Petroleum in a report issued on Friday. Capital One Financial Corporation analyst P. Johnston now anticipates that the oil and natural gas company will post earnings per share of $0.60 for the year, up from their previous estimate of $0.58.

Other equities research analysts have also recently issued reports about the company. 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. BMO Capital Markets set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada set a $20.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, June 3rd. Scotiabank set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Northland Securities set a $18.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $17.73.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/08/07/callon-petroleum-company-cpe-forecasted-to-earn-fy2017-earnings-of-0-60-per-share.html.

Callon Petroleum (CPE) opened at 10.58 on Monday. Callon Petroleum has a 12-month low of $9.63 and a 12-month high of $18.53. The company has a market cap of $2.14 billion, a P/E ratio of 20.15 and a beta of 1.44. The firm has a 50-day moving average price of $10.70 and a 200-day moving average price of $12.29.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.02. The firm had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. Callon Petroleum’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.61) EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPE. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Callon Petroleum 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 valued at $110,000 after buying an additional 3,896 shares in the last quarter. Strs Ohio raised 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 valued at $128,000 after buying an additional 600 shares in the last quarter. Green Square Capital LLC acquired a new position in shares of Callon Petroleum during the first quarter valued at about $132,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Callon Petroleum during the first quarter valued at about $143,000. Finally, M&T Bank Corp raised its position in shares of Callon Petroleum by 20.5% in the first quarter. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company’s stock valued at $170,000 after buying an additional 2,203 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)

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.