Headlines about Callon Petroleum (NYSE:CPE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Callon Petroleum earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the oil and natural gas company an impact score of 46.2700962781942 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Benefit Street Partners LLC Buys Continental Resources Inc, Vistra Energy Corp, Callon Petroleum Co, Sells Arch Coal … – GuruFocus.com (gurufocus.com)
- Goodnight Midstream Announces Multi-Year Contract With Callon … – Markets Insider (markets.businessinsider.com)
- Callon Petroleum Company (NYSE:CPE) Experiences Heavier than Average Trading Volume – First News 24 (firstnewspaper24.com)
- Callon Petroleum Co. breached its 50 day moving average in a Bullish Manner : CPE-US : September 14, 2017 (finance.yahoo.com)
- Goodnight Midstream : Announces Multi-Year Contract With Callon Petroleum Company (4-traders.com)
Several equities analysts recently commented on the stock. BMO Capital Markets reiterated a “buy” rating and set a $15.00 target price on shares of Callon Petroleum in a research note on Wednesday, September 6th. Royal Bank Of Canada set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Thursday, August 24th. Northland Securities set a $18.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Monday, August 21st. Imperial Capital assumed coverage on shares of Callon Petroleum in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, BidaskClub cut shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $17.54.
Shares of Callon Petroleum (CPE) opened at 10.52 on Friday. The company has a 50 day moving average of $10.38 and a 200-day moving average of $11.34. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $18.53. The firm has a market capitalization of $2.12 billion, a P/E ratio of 20.04 and a beta of 1.44.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. During the same quarter in the previous year, the company earned ($0.61) earnings per share. The business’s revenue was up 82.5% on a year-over-year basis. Analysts predict that Callon Petroleum will post $0.50 EPS for the current year.
Callon Petroleum Company Profile
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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