Callon Petroleum Company (NYSE:CPE) – Stock analysts at Capital One Financial Corporation dropped their FY2017 EPS estimates for Callon Petroleum in a research report issued on Tuesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the oil and natural gas company will post earnings per share of $0.50 for the year, down from their previous estimate of $0.56.

Callon Petroleum (NYSE:CPE) last announced 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). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The business had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. During the same quarter last year, the company earned ($0.61) EPS. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/04/fy2017-eps-estimates-for-callon-petroleum-company-cpe-lowered-by-capital-one-financial-corporation.html.

A number of other equities research analysts also recently issued reports on the company. Northland Securities set a $18.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research report on Monday, July 17th. Citigroup Inc. dropped their target price on Callon Petroleum from $17.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Barclays PLC reiterated a “buy” rating and issued a $14.00 target price on shares of Callon Petroleum in a report on Friday, July 7th. Scotiabank set a $15.00 target price on Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, Tudor Pickering started coverage on Callon Petroleum in a research report on Tuesday, June 20th. They set a “buy” rating and a $26.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $17.54.

Shares of Callon Petroleum (CPE) opened at 11.40 on Wednesday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.71 and a beta of 1.43. The stock’s 50 day moving average price is $10.57 and its 200 day moving average price is $11.26. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $18.53.

Several institutional investors and hedge funds have recently bought and sold shares of CPE. Fondren Management LP purchased a new position in shares of Callon Petroleum during the second quarter valued at $106,000. Benefit Street Partners LLC bought a new stake in shares of Callon Petroleum in the second quarter valued at about $6,589,000. Phocas Financial Corp. raised its holdings in shares of Callon Petroleum by 4.7% in the second quarter. Phocas Financial Corp. now owns 720,960 shares of the oil and natural gas company’s stock valued at $7,649,000 after acquiring an additional 32,166 shares in the last quarter. Hillcrest Asset Management LLC raised its holdings in shares of Callon Petroleum by 43.8% in the second quarter. Hillcrest Asset Management LLC now owns 967,100 shares of the oil and natural gas company’s stock valued at $10,261,000 after acquiring an additional 294,660 shares in the last quarter. Finally, 1st Global Advisors Inc. raised its holdings in shares of Callon Petroleum by 6.0% in the second quarter. 1st Global Advisors Inc. now owns 33,366 shares of the oil and natural gas company’s stock valued at $354,000 after acquiring an additional 1,879 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.