Callon Petroleum Company (NYSE:CPE) – Research analysts at KeyCorp cut their Q1 2018 EPS estimates for Callon Petroleum in a note issued to investors on Monday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will post earnings of $0.14 per share for the quarter, down from their prior forecast of $0.15. KeyCorp also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.76 EPS.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $82.30 million during the quarter, compared to analysts’ expectations of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. Callon Petroleum’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.61) earnings per share.

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Several other brokerages also recently commented on CPE. Seaport Global Securities downgraded Callon Petroleum from a “buy” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $10.00 in a report on Wednesday, June 21st. Citigroup Inc. lowered their price target on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Zacks Investment Research downgraded Callon Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Tudor Pickering started coverage on Callon Petroleum in a report on Tuesday, June 20th. They set a “buy” rating and a $26.00 price target on the stock. Finally, BidaskClub upgraded Callon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.57.

Shares of Callon Petroleum (NYSE:CPE) traded down 1.42% on Thursday, hitting $11.08. 490,181 shares of the stock traded hands. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 21.10 and a beta of 1.43. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $18.53. The stock has a 50-day moving average price of $10.63 and a 200 day moving average price of $11.26.

Institutional investors and hedge funds have recently bought and sold shares of the business. Fondren Management LP acquired a new stake in Callon Petroleum during the second quarter worth $106,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Callon Petroleum by 86.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after buying an additional 3,896 shares in the last quarter. FFT Wealth Management LLC acquired a new stake in Callon Petroleum during the second quarter worth $113,000. Strs Ohio boosted its stake in Callon Petroleum by 6.5% during the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after buying an additional 600 shares in the last quarter. Finally, Green Square Capital LLC acquired a new stake in Callon Petroleum during the first quarter worth $132,000.

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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