Callon Petroleum (NYSE:CPE) – Capital One Financial issued their Q1 2019 EPS estimates for Callon Petroleum in a research note issued on Wednesday, November 7th. Capital One Financial analyst P. Johnston forecasts that the oil and natural gas company will post earnings per share of $0.28 for the quarter. Capital One Financial also issued estimates for Callon Petroleum’s Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.32 EPS and Q4 2019 earnings at $0.34 EPS.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Tuesday, November 6th. The oil and natural gas company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The business had revenue of $161.21 million for the quarter, compared to analyst estimates of $145.66 million. Callon Petroleum had a net margin of 30.70% and a return on equity of 8.31%. Callon Petroleum’s revenue was up 90.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 EPS.

A number of other analysts have also weighed in on the stock. Bank of America decreased their target price on shares of Callon Petroleum from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday. Williams Capital set a $16.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Tuesday, October 23rd. Oppenheimer started coverage on shares of Callon Petroleum in a research note on Wednesday, October 3rd. They issued an “outperform” rating and a $16.00 price target for the company. Finally, TheStreet raised shares of Callon Petroleum from a “c+” rating to a “b-” rating in a research note on Monday, September 17th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $16.14.

Callon Petroleum stock opened at $10.41 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.61 and a current ratio of 0.57. The company has a market cap of $2.52 billion, a P/E ratio of 14.02 and a beta of 1.06. Callon Petroleum has a 1-year low of $9.23 and a 1-year high of $14.65.

Several institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Callon Petroleum by 6.9% in the 3rd quarter. FMR LLC now owns 2,933,185 shares of the oil and natural gas company’s stock valued at $35,169,000 after purchasing an additional 188,291 shares in the last quarter. American International Group Inc. boosted its stake in shares of Callon Petroleum by 2.8% in the 3rd quarter. American International Group Inc. now owns 610,005 shares of the oil and natural gas company’s stock valued at $7,314,000 after purchasing an additional 16,515 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Callon Petroleum by 2.9% in the 3rd quarter. BlackRock Inc. now owns 25,561,708 shares of the oil and natural gas company’s stock valued at $306,486,000 after purchasing an additional 731,444 shares in the last quarter. Gluskin Sheff & Assoc Inc. boosted its stake in shares of Callon Petroleum by 7.7% in the 3rd quarter. Gluskin Sheff & Assoc Inc. now owns 279,780 shares of the oil and natural gas company’s stock valued at $3,355,000 after purchasing an additional 19,940 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Callon Petroleum by 26.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 32,568 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 6,856 shares in the last quarter.

In other news, VP Mitzi P. Conn sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $11.76, for a total value of $176,400.00. Following the completion of the sale, the vice president now owns 42,062 shares of the company’s stock, valued at approximately $494,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

About Callon Petroleum

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

Further Reading: Earnings Per Share

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

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