Equities Analysts Set Expectations for Callon Petroleum’s FY2017 Earnings (CPE)

Callon Petroleum (NYSE:CPE) – Investment analysts at B. Riley issued their FY2017 earnings estimates for shares of Callon Petroleum in a research note issued to investors on Monday. B. Riley analyst R. Rashid anticipates that the oil and natural gas company will earn $0.41 per share for the year. B. Riley currently has a “Neutral” rating and a $11.75 price target on the stock. B. Riley also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.13 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.17 EPS.

A number of other research firms also recently commented on CPE. Citigroup downgraded Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Wednesday, January 3rd. Mizuho set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, January 16th. Piper Jaffray Companies began coverage on Callon Petroleum in a report on Thursday, January 4th. They set an “overweight” rating and a $15.00 target price on the stock. Jefferies Group reaffirmed a “buy” rating and set a $17.00 target price on shares of Callon Petroleum in a report on Tuesday, January 30th. Finally, Deutsche Bank began coverage on Callon Petroleum in a report on Thursday, February 1st. They set a “buy” rating and a $15.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.39.

Callon Petroleum (NYSE CPE) opened at $10.79 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $15.02. The company has a market capitalization of $2,278.73, a PE ratio of 31.36 and a beta of 1.16.

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