US Capital Advisors Brokers Boost Earnings Estimates for Callon Petroleum (CPE)

Callon Petroleum (NYSE:CPE) – Research analysts at US Capital Advisors upped their FY2019 earnings per share estimates for Callon Petroleum in a research report issued to clients and investors on Monday. US Capital Advisors analyst C. Horwitz now anticipates that the oil and natural gas company will post earnings per share of $1.18 for the year, up from their previous forecast of $0.98.

Other research analysts have also issued research reports about the company. Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Wednesday, January 3rd. Mizuho set a $15.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Piper Jaffray Companies began coverage on Callon Petroleum in a research note on Thursday, January 4th. They issued an “overweight” rating and a $15.00 price target on the stock. Jefferies Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of Callon Petroleum in a research note on Tuesday, January 30th. Finally, Deutsche Bank began coverage on Callon Petroleum in a research note on Thursday, February 1st. They issued a “buy” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.39.

Callon Petroleum (NYSE CPE) traded down $0.42 during trading hours on Wednesday, reaching $10.87. 3,048,889 shares of the company were exchanged, compared to its average volume of 4,966,601. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $15.02. 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 cap of $2,230.00, a price-to-earnings ratio of 25.52 and a beta of 1.15.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation bought a new position in shares of Callon Petroleum during the 3rd quarter worth about $105,000. Fondren Management LP purchased a new position in shares of Callon Petroleum during the second quarter worth about $106,000. BB&T Securities LLC purchased a new position in shares of Callon Petroleum during the third quarter worth about $112,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Callon Petroleum during the second quarter worth about $133,000. Finally, Intrust Bank NA purchased a new position in shares of Callon Petroleum during the third quarter worth about $139,000.

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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.

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

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