Callon Petroleum Company (NYSE:CPE) – Equities researchers at US Capital Advisors raised their Q4 2017 EPS estimates for Callon Petroleum in a report released on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.11. US Capital Advisors also issued estimates for Callon Petroleum’s Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.76 EPS and FY2019 earnings at $0.98 EPS.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. During the same period last year, the firm posted $0.09 EPS. Callon Petroleum’s revenue was up 51.3% on a year-over-year basis.

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Several other equities research analysts also recently weighed in on the company. Mizuho raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Northland Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Callon Petroleum in a research report on Wednesday, November 1st. Bank of America Corporation began coverage on Callon Petroleum in a research report on Monday, October 16th. They issued a “buy” rating for the company. Finally, Jefferies Group LLC began coverage on Callon Petroleum in a research report on Monday, October 9th. They issued a “buy” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.39.

Shares of Callon Petroleum (NYSE:CPE) opened at $10.63 on Thursday. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $18.53. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,080.93, a PE ratio of 28.64 and a beta of 1.38.

A number of institutional investors and hedge funds have recently bought and sold shares of CPE. Zions Bancorporation acquired a new stake in Callon Petroleum in the 3rd quarter valued at approximately $105,000. Fondren Management LP bought a new position in Callon Petroleum during the 2nd quarter valued at $106,000. BB&T Securities LLC bought a new position in Callon Petroleum during the 3rd quarter valued at $112,000. FFT Wealth Management LLC bought a new position in Callon Petroleum during the 2nd quarter valued at $113,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Callon Petroleum during the 2nd quarter valued at $133,000.

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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