Analysts predict that Callon Petroleum (NYSE:CPE) will announce sales of $96.55 million for the current quarter, according to Zacks. Nine analysts have made estimates for Callon Petroleum’s earnings, with the highest sales estimate coming in at $107.00 million and the lowest estimate coming in at $87.30 million. Callon Petroleum reported sales of $69.08 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 39.8%. The firm is scheduled to report its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that Callon Petroleum will report full year sales of $96.55 million for the current year, with estimates ranging from $333.94 million to $356.00 million. For the next year, analysts forecast that the business will report sales of $507.28 million per share, with estimates ranging from $375.00 million to $581.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Callon Petroleum.

Callon Petroleum (NYSE:CPE) last issued its earnings results 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). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The firm had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.98 million. During the same period in the previous year, the company earned $0.09 EPS. Callon Petroleum’s revenue for the quarter was up 51.3% on a year-over-year basis.

A number of equities research analysts have commented on the company. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday, October 10th. Jefferies Group assumed coverage on Callon Petroleum in a research report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target on the stock. Northland Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Callon Petroleum in a research report on Wednesday, November 1st. Bank of America assumed coverage on Callon Petroleum in a research report on Monday, October 16th. They issued a “buy” rating on the stock. Finally, Credit Suisse Group assumed coverage on Callon Petroleum in a research report on Monday. They issued a “neutral” rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Callon Petroleum presently has a consensus rating of “Buy” and a consensus price target of $17.09.

Institutional investors have recently made changes to their positions in the stock. Zions Bancorporation acquired a new position in Callon Petroleum during the 3rd quarter worth approximately $105,000. Fondren Management LP acquired a new position in Callon Petroleum during the 2nd quarter worth approximately $106,000. BB&T Securities LLC acquired a new position in Callon Petroleum during the 3rd quarter worth approximately $112,000. FFT Wealth Management LLC acquired a new position in Callon Petroleum during the 2nd quarter worth approximately $113,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Callon Petroleum during the 2nd quarter worth approximately $133,000.

Shares of Callon Petroleum (CPE) opened at $10.90 on Wednesday. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $17.44. The company has a market capitalization of $2,218.18, a PE ratio of 30.53 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

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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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Earnings History and Estimates for Callon Petroleum (NYSE:CPE)

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