Callon Petroleum (NYSE:CPE) – Equities researchers at KeyCorp lifted their Q1 2018 earnings per share (EPS) estimates for shares of Callon Petroleum in a report issued on Tuesday. KeyCorp analyst C. Stevens now expects that the oil and natural gas company will earn $0.19 per share for the quarter, up from their prior forecast of $0.13. KeyCorp also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.85 EPS.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share 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 company had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.98 million. During the same quarter last year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year.

CPE has been the subject of a number of other research reports. Northland Securities set a $16.00 price target on Callon Petroleum and gave the company a “buy” rating in a research report on Monday. Jefferies Group assumed coverage on Callon Petroleum in a research note on Monday, October 9th. They issued a “buy” rating and a $16.00 price objective for the company. Credit Suisse Group assumed coverage on Callon Petroleum in a research note on Monday. They issued a “neutral” rating and a $12.00 price objective for the company. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price objective on shares of Callon Petroleum in a research note on Wednesday, September 6th. Finally, Royal Bank of Canada set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $17.09.

Callon Petroleum (NYSE CPE) traded up $0.04 during trading hours on Friday, hitting $10.62. The company had a trading volume of 1,552,109 shares, compared to its average volume of 4,946,092. 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 has a fifty-two week low of $9.34 and a fifty-two week high of $16.48. The firm has a market cap of $2,195.98, a price-to-earnings ratio of 30.22 and a beta of 1.33.

Several institutional investors and hedge funds have recently bought and sold shares of CPE. Aperio Group LLC raised its stake in shares of Callon Petroleum by 90.4% during the 2nd quarter. Aperio Group LLC now owns 55,141 shares of the oil and natural gas company’s stock worth $585,000 after purchasing an additional 26,180 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Callon Petroleum during the 2nd quarter worth about $356,000. Janney Montgomery Scott LLC purchased a new stake in shares of Callon Petroleum during the 2nd quarter worth about $148,000. Sei Investments Co. raised its stake in shares of Callon Petroleum by 67.8% during the 2nd quarter. Sei Investments Co. now owns 52,907 shares of the oil and natural gas company’s stock worth $561,000 after purchasing an additional 21,374 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Callon Petroleum by 5.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 882,887 shares of the oil and natural gas company’s stock worth $9,368,000 after purchasing an additional 49,245 shares in the last quarter.

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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.

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

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