Analysts predict that Callon Petroleum (NYSE:CPE) will announce earnings per share (EPS) of $0.12 for the current quarter, according to Zacks. Nine analysts have made estimates for Callon Petroleum’s earnings. The lowest EPS estimate is ($0.04) and the highest is $0.19. Callon Petroleum posted earnings per share of $0.08 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is scheduled to report its next quarterly earnings results on Monday, February 26th.

According to Zacks, analysts expect that Callon Petroleum will report full-year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.24 to $0.47. For the next fiscal year, analysts expect that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.44 to $1.11. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Callon Petroleum.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share.

A number of brokerages have recently weighed in on CPE. Jefferies Group initiated coverage on shares of Callon Petroleum in a report on Monday, October 9th. They set a “buy” rating and a $16.00 price objective on the stock. Scotiabank set a $16.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. Mizuho upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, November 21st. BMO Capital Markets set a $15.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Imperial Capital initiated coverage on shares of Callon Petroleum in a report on Tuesday, August 15th. They set an “outperform” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.43.

A number of hedge funds have recently modified their holdings of the business. ETRADE Capital Management LLC grew its position in shares of Callon Petroleum by 0.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 42,015 shares of the oil and natural gas company’s stock valued at $446,000 after acquiring an additional 239 shares during the period. Teacher Retirement System of Texas grew its position in shares of Callon Petroleum by 2.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 16,367 shares of the oil and natural gas company’s stock valued at $174,000 after acquiring an additional 317 shares during the period. Blair William & Co. IL grew its position in shares of Callon Petroleum by 2.6% in the 2nd quarter. Blair William & Co. IL now owns 26,138 shares of the oil and natural gas company’s stock valued at $277,000 after acquiring an additional 670 shares during the period. Renaissance Group LLC grew its position in shares of Callon Petroleum by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 28,366 shares of the oil and natural gas company’s stock valued at $301,000 after acquiring an additional 676 shares during the period. Finally, Pitcairn Co. grew its position in shares of Callon Petroleum by 8.5% in the 2nd quarter. Pitcairn Co. now owns 19,336 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 1,523 shares during the period.

Callon Petroleum (NYSE:CPE) opened at $10.70 on Monday. The firm has a market cap of $2,159.65, a price-to-earnings ratio of 29.72 and a beta of 1.33. Callon Petroleum has a 52-week low of $9.34 and a 52-week high of $18.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

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

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