Callon Petroleum Company (NYSE:CPE) – Research analysts at US Capital Advisors dropped their Q1 2017 earnings per share (EPS) estimates for shares of Callon Petroleum Company in a report issued on Thursday. US Capital Advisors analyst C. Horwitz now expects that the brokerage will earn $0.08 per share for the quarter, down from their previous forecast of $0.13. US Capital Advisors also issued estimates for Callon Petroleum Company’s Q2 2017 earnings at $0.12 EPS, Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.16 EPS and FY2017 earnings at $0.49 EPS.
CPE has been the topic of several other research reports. Royal Bank of Canada restated a “buy” rating and set a $21.00 price objective on shares of Callon Petroleum Company in a report on Wednesday, January 4th. Deutsche Bank AG initiated coverage on Callon Petroleum Company in a report on Monday, November 28th. They set a “buy” rating and a $15.84 price objective on the stock. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of Callon Petroleum Company in a report on Sunday, March 12th. Scotiabank set a $18.00 price objective on Callon Petroleum Company and gave the stock a “buy” rating in a report on Tuesday, February 28th. Finally, FBR & Co cut their price objective on Callon Petroleum Company from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Three equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Callon Petroleum Company has an average rating of “Buy” and a consensus target price of $17.48.
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Callon Petroleum Company (NYSE:CPE) opened at 12.18 on Monday. The stock’s market capitalization is $2.45 billion. Callon Petroleum Company has a one year low of $7.85 and a one year high of $18.53. The company’s 50-day moving average is $13.46 and its 200 day moving average is $14.74.
Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings data on Monday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $69.10 million for the quarter, compared to analysts’ expectations of $72.03 million. Callon Petroleum Company had a negative net margin of 122.93% and a positive return on equity of 4.44%. The business’s quarterly revenue was up 105.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share.
Several institutional investors have recently modified their holdings of CPE. Emerald Mutual Fund Advisers Trust increased its position in Callon Petroleum Company by 18.2% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 972,497 shares of the company’s stock worth $15,268,000 after buying an additional 149,940 shares in the last quarter. Emerald Advisers Inc. PA increased its position in Callon Petroleum Company by 12.9% in the third quarter. Emerald Advisers Inc. PA now owns 880,176 shares of the company’s stock worth $13,819,000 after buying an additional 100,603 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Callon Petroleum Company during the third quarter worth approximately $31,528,000. Insight Capital Research & Management Inc. purchased a new position in Callon Petroleum Company during the third quarter worth approximately $4,023,000. Finally, Lebenthal Lisanti Capital Growth LLC purchased a new position in Callon Petroleum Company during the third quarter worth approximately $851,000. Institutional investors own 89.06% of the company’s stock.
In other news, VP Jerry A. Weant sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $14.45, for a total value of $57,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.61% of the stock is owned by corporate insiders.
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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
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