Callon Petroleum (NYSE:CPE) – Equities research analysts at Imperial Capital dropped their Q1 2018 earnings per share (EPS) estimates for shares of Callon Petroleum in a research report issued on Tuesday. Imperial Capital analyst I. Haas now forecasts that the oil and natural gas company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.12. Imperial Capital has a “Outperform” rating and a $16.00 price target on the stock. Imperial Capital also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.16 EPS.

Other analysts have also issued research reports about the stock. Scotiabank set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. Mizuho upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, November 21st. BMO Capital Markets set a $15.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 14th. Northland Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Callon Petroleum in a research note on Wednesday, November 1st. Finally, Bank of America initiated coverage on shares of Callon Petroleum in a research note on Monday, October 16th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $17.43.

Callon Petroleum (NYSE CPE) traded up $0.03 on Wednesday, hitting $11.37. 4,820,200 shares of the stock were exchanged, compared to its average volume of 4,975,440. The stock has a market capitalization of $2,288.82, a price-to-earnings ratio of 31.50 and a beta of 1.33. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $18.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

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

Several large investors have recently modified their holdings of the stock. Green Square Capital LLC boosted its holdings in Callon Petroleum by 34.0% in the third quarter. Green Square Capital LLC now owns 20,095 shares of the oil and natural gas company’s stock worth $226,000 after purchasing an additional 5,095 shares during the period. California Public Employees Retirement System boosted its holdings in Callon Petroleum by 0.9% in the third quarter. California Public Employees Retirement System now owns 633,800 shares of the oil and natural gas company’s stock worth $7,124,000 after purchasing an additional 5,900 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Callon Petroleum by 780.2% in the third quarter. Cubist Systematic Strategies LLC now owns 35,631 shares of the oil and natural gas company’s stock worth $400,000 after purchasing an additional 31,583 shares during the period. Zions Bancorporation acquired a new position in Callon Petroleum in the third quarter worth $105,000. Finally, Magnetar Financial LLC acquired a new position in Callon Petroleum in the third quarter worth $268,000.

TRADEMARK VIOLATION NOTICE: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/06/q1-2018-eps-estimates-for-callon-petroleum-lowered-by-analyst-cpe.html.

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)

Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.