Callon Petroleum Company (NYSE:CPE) – Imperial Capital issued their Q3 2017 earnings per share estimates for Callon Petroleum in a research report issued on Tuesday. Imperial Capital analyst I. Haas forecasts that the oil and natural gas company will post earnings of $0.08 per share for the quarter. Imperial Capital has a “Outperform” rating and a $16.00 price objective on the stock. Imperial Capital also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.38 EPS and FY2018 earnings at $0.64 EPS.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada set a $20.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Saturday, June 3rd. BMO Capital Markets set a $16.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Scotiabank set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Saturday, July 1st. Northland Securities set a $18.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Monday, July 17th. Finally, Barclays PLC initiated coverage on Callon Petroleum in a research note on Wednesday, April 26th. They issued an “overweight” rating and a $16.00 price objective for the company. One research 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’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.71.

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Callon Petroleum (NYSE:CPE) opened at 10.01 on Thursday. The stock’s 50 day moving average is $10.72 and its 200 day moving average is $11.94. The company has a market capitalization of $2.02 billion, a PE ratio of 19.07 and a beta of 1.44. Callon Petroleum has a 52 week low of $9.63 and a 52 week high of $18.53.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.02. The business had revenue of $82.30 million for 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 was up 82.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.61) earnings per share.

Several hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 during the last quarter. FFT Wealth Management LLC acquired a new stake in Callon Petroleum during the second quarter valued at $113,000. Strs Ohio boosted its stake in 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 during the last quarter. Green Square Capital LLC acquired a new stake in Callon Petroleum during the first quarter valued at $132,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Callon Petroleum during the second quarter valued at $133,000.

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)

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