Callon Petroleum Company (CPE) to Post Q1 2019 Earnings of $0.27 Per Share, Jefferies Group Forecasts
Callon Petroleum Company (NYSE:CPE) – Research analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for shares of Callon Petroleum in a research 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 $0.27 for the quarter. Jefferies Group has a “Buy” rating and a $16.00 price target on the stock. Jefferies Group also issued estimates for Callon Petroleum’s Q2 2019 earnings at $0.28 EPS and Q3 2019 earnings at $0.30 EPS.
Other analysts have also recently issued reports about the stock. Northland Securities set a $18.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Monday, July 17th. Citigroup Inc. decreased their target price on shares of Callon Petroleum from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Barclays PLC restated a “buy” rating and set a $14.00 target price on shares of Callon Petroleum in a research report on Friday, July 7th. Scotiabank set a $15.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, July 1st. Finally, Tudor Pickering initiated coverage on shares of 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. Callon Petroleum currently has a consensus rating of “Buy” and a consensus price target of $17.50.
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Shares of Callon Petroleum (CPE) traded down 3.404% on Thursday, hitting $10.925. The stock had a trading volume of 3,063,507 shares. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $18.53. The company has a 50 day moving average price of $10.75 and a 200-day moving average price of $11.24. The stock has a market cap of $2.20 billion, a PE ratio of 20.810 and a beta of 1.43.
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 the Zacks’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. 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 business posted ($0.61) earnings per share. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of CPE. Great West Life Assurance Co. Can lifted its position in Callon Petroleum by 25.3% during the first quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock valued at $273,000 after acquiring an additional 4,200 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Callon Petroleum in the first quarter worth $381,000. Sei Investments Co. raised its holdings in shares of Callon Petroleum by 25.6% in the first quarter. Sei Investments Co. now owns 31,533 shares of the oil and natural gas company’s stock worth $415,000 after buying an additional 6,428 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Callon Petroleum by 27.9% in the first quarter. Ameritas Investment Partners Inc. now owns 15,572 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 3,400 shares during the last quarter. Finally, M&T Bank Corp raised its holdings 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 worth $170,000 after buying an additional 2,203 shares during the last quarter.
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.
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