Callon Petroleum (NYSE:CPE) – Analysts at US Capital Advisors boosted their FY2019 EPS estimates for Callon Petroleum in a report released on Monday. US Capital Advisors analyst C. Horwitz now forecasts that the oil and natural gas company will post earnings of $1.18 per share for the year, up from their previous estimate of $0.98.

Several other research firms have also commented on CPE. Citigroup lowered shares of Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a research note on Wednesday, January 3rd. Scotiabank set a $16.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. B. Riley began coverage on shares of Callon Petroleum in a research note on Monday. They set a “neutral” rating and a $11.75 target price for the company. Mizuho raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, November 21st. Finally, Bank of America began coverage on shares of Callon Petroleum in a research note on Monday, October 16th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $16.39.

Callon Petroleum (NYSE CPE) traded down $0.57 during midday trading on Wednesday, reaching $10.22. 5,277,955 shares of the company’s stock traded hands, compared to its average volume of 5,080,810. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $2,070.00, a price-to-earnings ratio of 23.77 and a beta of 1.15. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $15.02.

Large investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in Callon Petroleum by 61.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock worth $52,057,000 after acquiring an additional 1,755,125 shares during the period. Voya Investment Management LLC raised its holdings in Callon Petroleum by 22.8% in the second quarter. Voya Investment Management LLC now owns 93,670 shares of the oil and natural gas company’s stock worth $994,000 after purchasing an additional 17,410 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Callon Petroleum by 8.9% in the second quarter. PNC Financial Services Group Inc. now owns 18,990 shares of the oil and natural gas company’s stock worth $202,000 after purchasing an additional 1,555 shares in the last quarter. Ninepoint Partners LP bought a new position in Callon Petroleum in the third quarter worth about $7,778,000. Finally, Hillcrest Asset Management LLC raised its holdings in Callon Petroleum by 43.8% in the second quarter. Hillcrest Asset Management LLC now owns 967,100 shares of the oil and natural gas company’s stock worth $10,261,000 after purchasing an additional 294,660 shares in the last quarter.

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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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