Callon Petroleum Company (NYSE:CPE) – Capital One Financial Corporation cut their Q3 2017 earnings per share (EPS) estimates for shares of Callon Petroleum in a report issued on Tuesday. Capital One Financial Corporation analyst P. Johnston now expects that the oil and natural gas company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.17. Capital One Financial Corporation also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $0.60 EPS.

Other equities research analysts have also recently issued research reports about the company. Scotiabank set a $15.00 price target 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 target on Callon Petroleum and gave the company a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Monday, June 26th. Imperial Capital assumed coverage on Callon Petroleum in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Seaport Global Securities cut Callon Petroleum from a “buy” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $10.00 in a research note on Wednesday, June 21st. One investment 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. Callon Petroleum presently has a consensus rating of “Buy” and a consensus price target of $17.57.

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Callon Petroleum (NYSE CPE) opened at 11.09 on Thursday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 21.12 and a beta of 1.43. The company’s 50-day moving average is $10.59 and its 200-day moving average is $11.26. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $18.53.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CPE. Strs Ohio grew its holdings in shares of Callon Petroleum by 6.5% during the 1st quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after purchasing an additional 600 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Callon Petroleum by 25.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 4,200 shares in the last quarter. Comerica Bank grew its holdings in shares of Callon Petroleum by 12.4% during the 1st quarter. Comerica Bank now owns 174,059 shares of the oil and natural gas company’s stock worth $2,070,000 after purchasing an additional 19,237 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Callon Petroleum by 86.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after purchasing an additional 3,896 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Callon Petroleum during the 1st quarter worth $381,000.

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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