Callon Petroleum Company (CPE) Releases Quarterly Earnings Results
Callon Petroleum Company (NYSE: CPE) announced its earnings results on Thursday. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.05. The company had revenue of $28.70 million for the quarter, compared to the consensus estimate of $31.29 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis.
A number of analysts have recently weighed in on CPE shares. Analysts at SunTrust raised their price target on shares of Callon Petroleum Company from $6.00 to $6.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Sidoti initiated coverage on shares of Callon Petroleum Company in a research note to investors on Friday, March 1st. They set a “buy” rating and a $8.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Callon Petroleum Company in a research note to investors on Monday, December 31st. They now have a $5.50 price target on the stock.
Callon Petroleum Company (NYSE: CPE) traded up 3.73% on Thursday, hitting $5.00. Callon Petroleum Company has a 1-year low of $3.80 and a 1-year high of $7.46. The stock’s 50-day moving average is currently $5.31. The company has a market cap of $199.0 million and a price-to-earnings ratio of 2.58.
Callon Petroleum Company (Callon) is engaged in the exploration, development, acquisition and production of oil and gas properties.
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