Callon Petroleum Company (NYSE:CPE) – Equities research analysts at SunTrust Banks raised their FY2019 earnings per share (EPS) estimates for Callon Petroleum in a report issued on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and natural gas company will earn $1.22 per share for the year, up from their previous forecast of $1.10. SunTrust Banks also issued estimates for Callon Petroleum’s FY2020 earnings at $1.68 EPS.

Several other analysts have also recently commented on the stock. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Monday, June 26th. Northland Securities set a $18.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Monday, August 21st. Citigroup Inc. dropped their target price on shares of Callon Petroleum from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, July 13th. Barclays PLC reiterated a “buy” rating and set a $14.00 target price on shares of Callon Petroleum in a research report on Friday, July 7th. Finally, Scotiabank set a $15.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.50.

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Callon Petroleum (NYSE CPE) opened at 10.97 on Friday. The stock’s 50 day moving average price is $10.92 and its 200 day moving average price is $11.16. 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 $2.21 billion, a PE ratio of 20.90 and a beta of 1.43.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. During the same quarter last year, the business posted ($0.61) earnings per share. The firm’s revenue for the quarter was up 82.5% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. Green Square Capital LLC acquired a new stake in Callon Petroleum in the 1st quarter valued at about $132,000. Fondren Management LP acquired a new stake in Callon Petroleum in the 2nd quarter valued at about $106,000. FFT Wealth Management LLC acquired a new stake in Callon Petroleum in the 2nd quarter valued at about $113,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Callon Petroleum in the 1st quarter valued at about $143,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Callon Petroleum in the 2nd quarter valued at about $133,000.

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.

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

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