Callon Petroleum Company (CPE) Scheduled to Post Earnings on Monday
Callon Petroleum Company (NYSE:CPE) will release its earnings data after the market closes on Monday, November 6th. Analysts expect Callon Petroleum to post earnings of $0.12 per share for the quarter.
Callon Petroleum (NYSE:CPE) last released 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 business had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. During the same quarter in the prior year, the business posted ($0.61) earnings per share. Callon Petroleum’s revenue for the quarter was up 82.5% on a year-over-year basis. On average, analysts expect Callon Petroleum to post $0.45 EPS for the current fiscal year and $0.70 EPS for the next fiscal year.
Callon Petroleum Company (NYSE CPE) opened at 10.59 on Monday. Callon Petroleum Company has a 1-year low of $9.34 and a 1-year high of $18.53. The stock’s 50 day moving average is $10.91 and its 200-day moving average is $11.06. The company has a market capitalization of $2.14 billion, a P/E ratio of 20.17 and a beta of 1.43.
CPE has been the topic of several recent research reports. Citigroup Inc. cut their target price on shares of Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Zacks Investment Research downgraded shares of Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Imperial Capital initiated coverage on shares of Callon Petroleum in a research note on Tuesday, August 15th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, Northland Securities set a $18.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. Callon Petroleum currently has an average rating of “Buy” and a consensus target price of $17.50.
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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.
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