Callon Petroleum Company (NYSE:CPE) – Investment analysts at SunTrust Banks raised their FY2017 EPS estimates for Callon Petroleum Company in a report issued on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and natural gas company will post earnings per share of $0.54 for the year, up from their prior estimate of $0.52. SunTrust Banks also issued estimates for Callon Petroleum Company’s Q4 2017 earnings at $0.18 EPS, FY2018 earnings at $1.02 EPS and FY2020 earnings at $2.22 EPS.

Several other research firms also recently weighed in on CPE. Scotiabank set a $18.00 target price on shares of Callon Petroleum Company and gave the company a “buy” rating in a report on Monday, April 3rd. Roth Capital set a $23.00 target price on shares of Callon Petroleum Company and gave the company a “buy” rating in a report on Saturday, April 1st. Echelon Wealth Partners upgraded shares of Callon Petroleum Company to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, April 13th. EuroPacific Canada upgraded shares of Callon Petroleum Company from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, April 13th. Finally, Eurobank EFG upgraded shares of Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. Callon Petroleum Company currently has an average rating of “Buy” and an average price target of $17.79.

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Callon Petroleum Company (NYSE CPE) opened at 10.40 on Monday. Callon Petroleum Company has a 12-month low of $9.63 and a 12-month high of $18.53. The company’s market capitalization is $2.09 billion. The stock has a 50 day moving average price of $11.27 and a 200-day moving average price of $13.10.

Callon Petroleum Company (NYSE:CPE) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and natural gas company reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. Callon Petroleum Company had a positive return on equity of 4.23% and a negative net margin of 1.42%. The firm had revenue of $81.36 million during the quarter, compared to analyst estimates of $80.22 million.

Several large investors have recently added to or reduced their stakes in CPE. BlackRock Inc. boosted its stake in Callon Petroleum Company by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock valued at $159,259,000 after buying an additional 12,089,389 shares in the last quarter. Wellington Management Group LLP boosted its stake in Callon Petroleum Company by 29.0% in the first quarter. Wellington Management Group LLP now owns 21,117,124 shares of the oil and natural gas company’s stock valued at $277,902,000 after buying an additional 4,749,928 shares in the last quarter. Channing Capital Management LLC bought a new stake in Callon Petroleum Company during the first quarter valued at about $34,810,000. Goldman Sachs Group Inc. boosted its stake in Callon Petroleum Company by 56.3% in the first quarter. Goldman Sachs Group Inc. now owns 7,333,603 shares of the oil and natural gas company’s stock valued at $96,510,000 after buying an additional 2,642,192 shares in the last quarter. Finally, FMR LLC boosted its stake in Callon Petroleum Company by 15.7% in the first quarter. FMR LLC now owns 15,197,267 shares of the oil and natural gas company’s stock valued at $199,996,000 after buying an additional 2,067,650 shares in the last quarter.

About Callon Petroleum Company

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 Company (NYSE:CPE)

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