Q3 2017 EPS Estimates for Callon Petroleum Company Decreased by Capital One Financial Corporation (CPE)
Callon Petroleum Company (NYSE:CPE) – Analysts at Capital One Financial Corporation lowered their Q3 2017 earnings per share (EPS) estimates for shares of Callon Petroleum in a research report issued to clients and investors on Tuesday. Capital One Financial Corporation analyst P. Johnston now expects that the oil and natural gas company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.17. Capital One Financial Corporation also issued estimates for Callon Petroleum’s Q4 2017 earnings at $0.17 EPS and FY2018 earnings at $0.60 EPS.
Other analysts have also issued reports about the stock. Northland Securities set a $18.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Monday, July 17th. Citigroup Inc. lowered their price objective on shares of Callon Petroleum from $17.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Barclays PLC restated a “buy” rating and issued a $14.00 price objective on shares of Callon Petroleum in a report on Friday, July 7th. Scotiabank set a $15.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Tudor Pickering initiated coverage on shares of Callon Petroleum in a report on Tuesday, June 20th. They issued a “buy” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.57.
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Shares of Callon Petroleum (NYSE:CPE) opened at 11.24 on Thursday. The company has a market capitalization of $2.27 billion, a PE ratio of 21.41 and a beta of 1.43. The firm has a 50-day moving average price of $10.63 and a 200-day moving average price of $11.26. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $18.53.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. During the same quarter last year, the business earned ($0.61) earnings per share. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Callon Petroleum by 86.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after acquiring an additional 3,896 shares during the last quarter. Strs Ohio boosted its stake in shares of Callon Petroleum by 6.5% during the 1st quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after acquiring an additional 600 shares during the last quarter. Green Square Capital LLC purchased a new position in shares of Callon Petroleum during the 1st quarter worth $132,000. Fondren Management LP purchased a new position in shares of Callon Petroleum during the 2nd quarter worth $106,000. Finally, FFT Wealth Management LLC purchased a new position in shares of Callon Petroleum during the 2nd quarter worth $113,000.
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.
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