Callon Petroleum Company (NYSE:CPE) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share (EPS) estimates for shares of Callon Petroleum in a note issued to investors on Monday. Jefferies Group analyst M. Lear anticipates that the oil and natural gas company will post earnings per share of $0.14 for the quarter. Jefferies Group has a “Buy” rating and a $16.00 price objective on the stock. Jefferies Group also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.58 EPS, Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.72 EPS and FY2019 earnings at $1.17 EPS.

A number of other research analysts have also commented on CPE. BidaskClub raised Callon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Tudor Pickering started coverage on Callon Petroleum in a report on Tuesday, June 20th. They set a “buy” rating and a $26.00 price objective on the stock. Seaport Global Securities lowered Callon Petroleum from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $10.00 in a report on Wednesday, June 21st. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Scotiabank set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. Callon Petroleum currently has an average rating of “Buy” and an average price target of $17.50.

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Callon Petroleum (CPE) opened at 11.29 on Wednesday. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $18.53. The firm has a 50-day moving average price of $10.72 and a 200-day moving average price of $11.24. The stock has a market cap of $2.28 billion, a PE ratio of 21.50 and a beta of 1.43.

Callon Petroleum (NYSE:CPE) last released 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 Zacks’ consensus estimate of $0.11 by ($0.02). The company had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm’s revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.61) EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPE. BlackRock Inc. grew its holdings in Callon Petroleum by 96,684.2% in the 1st quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after buying an additional 12,089,389 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Callon Petroleum by 180.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,185,506 shares of the oil and natural gas company’s stock worth $76,238,000 after acquiring an additional 4,622,758 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Callon Petroleum by 56.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock worth $96,510,000 after acquiring an additional 2,642,192 shares during the period. Caymus Capital Partners L.P. lifted its position in shares of Callon Petroleum by 81.5% in the 2nd quarter. Caymus Capital Partners L.P. now owns 4,863,500 shares of the oil and natural gas company’s stock worth $51,602,000 after acquiring an additional 2,184,500 shares during the period. Finally, FMR LLC lifted its position in shares of Callon Petroleum by 15.7% in the 1st quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock worth $199,996,000 after acquiring an additional 2,067,650 shares during the period.

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)

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